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Strata Building Bond Increases to 3%

by Chris | May 15, 2024 | ACT, Building Defects, Legal Alert, News & Publications, Recent News

The Building Legislation Amendment Act 2023 (BLA Act) was passed by the NSW Parliament on 21 November 2023. The BLA Act inter alia amends the Strata Schemes Management Act 2015 (NSW) (SSMA) such that the building bond amount of 2 per cent of the contract price will...

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