Once again, the long awaited reform of the present Strata Law has been delayed until the latter part of 2016, after it was delayed last year for 6 months and due to be finalised in June this year.
Some of the new changes are to be aimed at accommodating the modern age, and will include such items as allowing notices to be served via email and allowing meetings (and voting) to be conducted via electronic services such as Skype.
According to Fair Trading NSW, changes to the Bylaw reform are being devised using a “common sense approach”, resulting in good news for owners. Owners will no longer need to request permission from the Owners Corporation in order to make cosmetic changes to their property for simple things such as installing picture-hooks. Tight requirements for minor and major renovation requests will also ease with the new laws in place.
On the flipside, many of the existing penalties will become harsher, with some fines being increased to double the current rate.
Be prepared for a lot reading when the new changes are released later in the year.
***The information contained in any article or post is general information only and not legal advice. The currency, accuracy and completeness of these articles (and its contents) should be checked by obtaining independent legal advice before you take any action or otherwise rely upon its contents in any way.
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