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...
by Allison | Apr 7, 2020 | Fact Sheets, Legal Alert, Levies, News & Publications, NSW, Rules
Due to the COVID-19 emergency and to its financial impact on the global economy, a growing number of strata schemes are considering reducing the level of levies to be raised for their administrative and capital works funds. However, it is important to note that strict...
by Allison | Sep 21, 2017 | Building Defects, Case Review, Legal Alert, News & Publications, NSW, Recent News, Strata Disputes
Section 106 of the Strata Schemes Management Act 2015 (NSW) (the 2015 Act) establishes the strict liability of an owners corporation to maintain and repair its common property in the same terms as section 62 of the Strata Schemes Management Act 1996 (NSW) (the 1996...
by Allison | Nov 10, 2016 | By-Laws, News & Publications, NSW, Recent News
Many lot owners, particular those in older strata schemes, do not know what by-laws apply to their scheme. While the Secretary of the Owners Corporation is required to keep a record of all the by-laws in force in the scheme this record may not always be accurate. Why?...
