Strata Managers Face Shake Up

What the New South Wales Government is hailing as “modern,” “flexible” and “reflecting 21st-century strata living” will be the kiss of death for many agency agreements, as some strata managers face the prospect of their income disappearing overnight.  One of the government’s selling points is “stronger accountability for strata managers and caretakers” and under the new laws developers and people connected with them will be banned from being managing agents for 10 years from the registration of the strata plan.   Read the article……………


Related Articles

Change to NSW strata laws to give apartment owners power to turn buildings into gold mines

Apartment owners may soon find themselves able to insert extra units into their blocks, create car parking below and add

How to green your strata building

As more Australians start to live in strata buildings, and power bills rise, the business case for improving the energy

Macquarie Bank, CoreLogic push into growing strata management game

The increasing size and demands are pushing the existing players in an industry that developed around accounting practices such as