Changes Effective from 1 July 2023 The changes came into effect from 1 July 2023 and apply to contracts exchanged on or after 1 July 2023. Exemption and Concession Threshold Increases As of 1 July...
By-laws and strata living For anyone living in a strata scheme, by-laws will play a key part in their use and enjoyment of the property. Whilst they are approved through a democratic process of the...
Overview of Changes On 24 February 2023, new changes were made to the Design and Building Practitioners Act 2020 (NSW) (“DBP Act”) and the Residential Apartments Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (“RAB...
By-laws that are enforced within a strata plan are a set of registered rules that govern what can and cannot be done within the plan. Commonly known by-laws include those that describe the expected behaviour...
On Friday, 24 April 2020 the NSW State Government passed the Retail and Other Commercial Leases (COVID-19) Regulation 2020. The regulation implements the National Cabinet’s Mandatory Code of Conduct, SME Commercial Leasing principles during COVID-19....
From 10 April 2020 owners corporations are now able to adopt by-laws limiting short term rental accommodation in their strata scheme. These by-laws can prevent owners using their strata lot for short term rental accommodation,...
Planning approvals The Minister for Planning can approve any development under the Act (subject to development standards) and integrate it into the planning system. This can only be made after consulting with the Minister for...
Off-the-plan sales are common in new residential Torrens and strata subdivisions, where a purchaser buys a property prior to registration of the subdivision and construction of the new dwelling. They account for around 11% of...
Building isn’t a perfect science, and it’s common for homeowners to come across minor defects post-construction. Most builders rectify these issues at no extra cost, particularly during the defects liability period of the building contract....
Amendments to the Building and Construction Industry Security of Payment Act 1999 and the associated regulations commence 21 October 2019. Those already using the Act, as well as those in the construction industry who would...
