Description:
STRATA REFORMS
In this session Tony Cahill will explore the changes introduced by the 2024/2025 NSW Strata Reforms including:
- First AGM Obligations
- Utility Supply Contracts and Embedded Networks
- Sustainable Infrastructure
- Strata Committee Member Duties
- Voting Limits
- Duty to Repair and Maintain Common Property incl new obligations on developers
- Accessibility issues
- Building and Facilities Managers duties
- Managing Agents Act reforms including:
- Enhanced disclosure obligations and increased penalties for strata managing agents.
- Requirements for commission disclosures, insurance quotes, and supplier relationships.
- Future changes, including clearer definitions, record provision, and tribunal powers.
- Agent defence for breaches caused by the owners corporation.
- Potential reforms arising out of the Registrar General's off the plan contracts consultation
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