Changes to NSW strata laws delayed after stakeholders demand more time

Radical changes proposed to strata schemes in NSW have been delayed by at least six months after stakeholders demanded the state government take more time to get new legislation right.

NSW Fair Trading released a position paper on strata title law reform in November 2013. A final bill was expected to be introduced to Parliament in early 2014 but that has been extended until August following a recent meeting between NSW Minister for Fair Trading Stuart Ayres and key stakeholders.

“There was concern among the stakeholders that the most significant social reforms in strata since 1961 could be placed in jeopardy by legislation that was prepared as part of an unrealistic timeframe,” Owners Corporation Network chair Stephen Goddard told Property Observer.

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