The Strata Schemes Development Act 2015 and the Strata Schemes Management Act 2015 (together with their respective Regulations (Strata Schemes Development Regulation 2016 and the Strata Schemes Management Regulation 2016), will commence on 30 November 2016, bringing major reform to the existing strata laws.
The new legislation will be administered by the Office of the Registrar General and with NSW Fair Trading and may be viewed on the NSW Legislation website (the Strata Schemes Development Regulation 2016 will be available on the NSW Legislation website later this year).
The new laws will have significant implications for the preparation and lodgment of strata plans and dealings. LPI Circular 2016-11 New strata laws commencing 30 November 2016 (PDF 73 KB) provides more detail on these issues.
The Office of the Registrar General has also published ORG Circular 2016-01 New strata legislation commencing 30 November 2016 (PDF 85 KB) on the impact of the new development legislation including the introduction of the strata renewal regime.