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Property Management – Strata Reforms
As you may be aware last month the NSW Government passed the new strata legislation and it’s now set to commence on 1 July 2016.
Public consultation on draft regulations to accompany the new Acts, including model by-laws, will commence in early 2016. Once the regulations and the finer details are known we’ll comment further to keep you up to date.
The new legislation contains around 90 changes to the existing laws. Attached is our summary of the most topical changes in our opinion.