NSW Introduces Strata Law Reforms to Strengthen Community Governance

Key aspects of the reforms include:

• Building Manager Duties: New responsibilities have been assigned to building managers, focusing on safety, repair, maintenance, and acting in the best interests of the strata schemes they serve.
• Disclosure Requirements: Building manager candidates are now required to declare any benefits that may influence the fees charged to owners corporations, promoting greater transparency.
• Exclusive Supply Networks: Details of exclusive supply (embedded) networks must be included in strata information certificates, ensuring owners are fully informed about their property's utilities and services.

These reforms stem from the 2021 statutory review of strata laws and incorporate feedback from the strata sector, property owners, and residents. The phased implementation allows stakeholders time to adapt to the new requirements, with further changes scheduled for 1 April 2026.

For strata property owners, managers, and committees, understanding and complying with these new laws is crucial. The reforms aim to create a more transparent and accountable environment, ultimately benefiting all parties involved in strata living.

For more detailed information on the specific changes and how they may affect your strata scheme, visit the NSW Government's official announcement.