- Major changes to the management of strata schemes will commence on 30 November 2016.
- The new building defect regime will commence on 1 July 2017.
- Lot owners, potential purchasers, tenants, building managers and developers alike need to prepare for the changes.
While we await a commencement date for the Strata Schemes Development Act 2015 and its regulations, the majority of the Strata Schemes Management Act 2015 (‘the Act’) will come into effect on 30 November 2016.
This review builds on my previous article (‘The nuts and bolts of the latest strata reforms‘ (February 2016) 19 Law Society Journal, 78) to provide more detail on the changes brought in by the Act now that the Strata Schemes Management Regulations 2016 have been made.
If you own or live in a strata property, advise clients in respect of strata title property or act for developers, the changes will affect you.