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There are currently around 65,000 strata schemes in New South Wales and five or more new schemes are registered each day. They range in size from two lots to 700 lots and cover residential, commercial, industrial, mixed use and retirement village developments. It is estimated that close to a quarter of the State’s population live in, own or are employed within or have some other direct connection with a strata scheme.

The concept of strata title, where persons own and have title to individual lots within buildings or complexes, was originally devised in New South Wales in the early 1960s. The laws applying to strata schemes have been updated numerous times over the years to keep up with the increasing complexity and sophistication of strata developments.  

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Effective 1 August 2008

Following an extensive public consultation process conducted during 2007-2008, a number of changes have been made to strata law in New South Wales.

It is recommended that strata lot owners, residents, caretakers, managing agents and other interested persons make themselves aware of these strata law changes. More detailed information is available on the Fair Trading website at www.fairtrading.nsw.gov.au or by calling 13 32 20.

The subdivision and registration aspects of strata developments are now administered under separate legislation – the Strata Schemes (Freehold Development) Act 1973 – by the Department of Lands. The Office of Fair Trading administers the Strata Schemes Management Act 1996, which sets out a framework for the management of strata schemes by their owners and establishes a dispute resolution process.

This Strata Living booklet has been prepared by the Office of Fair Trading to provide a useful resource for owners and other persons interested in the management of strata schemes in New South Wales.

The Strata Management Legislation Amendment Act 2008 will:

  • make it easier for owners in new strata schemes to exercise their voting rights and effectively manage their schemes
  • clarify existing caretaker provisions
  • enhance the transparency of strata executive committee elections
  • help resolve building disputes
  • give owners greater control of parking by-laws.

 

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