Following our last newsletter, we provide more detail on the important new changes to strata scheme laws by the NSW Government commenced 11 December, 2023. 

The purpose of these changes was to address pain points raised in recent years during public consultation, and ultimately, to improve strata living. Under the Strata Legislation Amendment Bill 2023 changes have been made to the four key Acts regulating strata and community land schemes.

We summarise the notable changes which impact key areas of strata management including:

  1. Strata Committees & Meeting Procedures
  2. Pets & Assistance Animals
  3. Renewal Processes & Conflict of Interest Disclosure Requirements
  4. Financial Management 
  5. Bylaws

Strata Committees & Meeting Procedures

Pets & Assistance Animals

Renewal Processes & Conflict of Interest Disclosure Requirements

Significant changes have been made to this process:

Financial Management

Bylaws

At McCormacks, we welcome any questions or clarification about these changes, and we look forward to assisting you in managing these throughout the year.