While the details of charges and costs can continue to be debated, the purpose of the new legislation is to protect consumers…and no matter which way you look at it, it will require investment and expense across all industry players at some point or another to protect the owners corporations.
Here’s what the Strata Community Australia (NSW) who represents over 75% of all strata lots in NSW communicated to their members: https://picagroup.com.au/strata-community-australia-sca-advise-changes-nsw-legislation-will-add-additional-costs-consumer/
The PICA Group has been proactively responding to the changes for 2 years in advance of the new legislation being introduced, and we will continue to lead the way and work with our customers to ensure they remain compliant.