Following the recent changes to the Strata Schemes Amendment Act, the NSW Parliament has adopted amendments to support owners within strata schemes and provide greater transparency for professional management. These reforms introduce further obligations for owners’ corporations and committees to safeguard their responsibilities, particularly when it comes to maintaining properties and ensuring compliance.
Rolling out in stages through 2025 and 2026, these updates aim to strengthen governance, improve financial fairness, and support sustainability and accessibility across strata communities.
Key changes include:
- Fairer levy management: Hardship payment plans and clearer debt recovery rules.
- Greater accountability: Strata managers must report twice yearly and keep records accessible.
- Sustainability & accessibility: Solar, EV chargers, and accessibility upgrades can’t be blocked by appearance by-laws.
- Stronger enforcement: Fair Trading can now inspect and issue compliance notices.
These reforms are designed to make strata living safer, fairer and more transparent for all stakeholders.
Read the strata legislation update by clicking here.
Want to dive deeper?
Visit the official NSW Fair Trading newsletter for complete details on the strata law reforms.
Click here to read more.