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I have read here, in this great forum, and elsewhere that the NSW Strata Titles Act and presumably the model by-laws therein, a version of which our building has adopted, are being extensively overhauled. Is this correct?
Our Annual General Meeting is coming up in a week and on the agenda is an item to chuck out our standard by-laws and vote in a whole set of new ones which are all set out on a solicitor’s letterhead and, one would think, paid for with and arm and a leg and then there’s the cost of registration.
Of course, no one on the Executive Committee nor the strata manager is taking ownership for this odd plan. And the existing by-laws are sensible work quite well, if enforced (which can be a problem).
Is this wise? Or would we be better to keep the old by-laws for a while until the overhaul is finished?
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