Five key areas you need to know about NSW strata legislation
In 2016, NSW saw the introduction of the Strata Schemes Management Act 2015. At the time, the legislative changes were the biggest overhaul of the state’s strata laws since the last major reform in 1973. As it stands today, the Strata Schemes Management Act 2015 is the cornerstone to NSW strata living. Understanding the key points to existing legislation helps make for better, smoother, community living experiences.
While changes are often made to update and adapt the legislation, there are five key areas that everyone living and investing in community living should know and understand.