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Are we about to see a massive upsurge in the number of pets in apartments when NSW’s new strata laws come into force? Will owners corporations be able to ban short-term lets such as Airbnb? And, before we even get to that when are the new laws likely to come in?
Four years and as many Fair Trading ministers since they were first mooted, and having been put back to later this year, there are rumours that it will now be January 1st next year before life as we know it changes into bits of what we wished for.
The devil is in the detail and, it seems, so is the delay. While the new strata Act provides the platform, it’s the regulations, many of which are still being thrashed out, that will provide the nuts and bolts of the changes.
If the details yet to decided, the consequences of the 90 law changes and their relevant regulations can only be guessed at.
For instance, between the defects bond and alternative sources of funding, have we seen the end of special levies? Given that too many strata residents know too little about existing strata law, what should the government be doing to educate everyone about the new laws? And what are the most significant obstacles to happy strata life – and do the new laws address them?
These and other questions (many of which are canvassed here) will be picked apart by a panel of experts this weekend (April 30) when Flat Chat Live returns at the Strata Community Australia (SCA) Owners Day.
I’ll be chairing a panel of industry experts to examine the new laws and their probable effects and if you want to join us at the Grand Lodge, 66 Goulburn St, Sydney, on Saturday, you can find out more by clicking on this story below or going direct to nsw.stratacommunity.org.au.
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