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HI, Am in NSW, in a 12 apartment strata. We have a 15 year successful relationship with our MA.
Our Managing Agent has submitted a new 3 year contract using the Copyright Strata Community Association (NSW) Issue Version 2024 template.
Simply query. Is this the latest version?
Our existing contract expires late July 2025. With the new laws come July 1, will this version disadvantage us if we sign, or should we seek a later version, using SC 3 month extensions of the current contract until one is available?
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There is a new version available, I believe, which takes into account the significant law changes that have occurred and are underway. Meanwhile, if you listen to last week’s podcast, you will also discover that Fair Trading is planning to issue its own standard contract (according to SCA-NSW president Robert Anderson). So go into a holding pattern if you can, at least until the strata manager produces the 2025 SCA contract
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I am in Victoria.
Is it possible to see any copy of any new SCA contract – i would like to see the wording regarding insurance commission.SCA-Vic only supplies contracts to its members. However, they have sent us the document they send to strata committees explain what the contracts says and does. You can access it HERE. It’s pretty comprehensive and worth a read.
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