Strata Bill released for comment
Source: New South Wales. Department of Commerce. Office of Fair Trading. Media release.
"NSW Fair Trading Minister, Linda Burney, today released for public comment the draft Strata Management Legislation Amendment Bill.
Ms Burney said the draft Bill includes changes to the strata and home building laws that will improve the balance between the rights of strata owners and developers.
“Reforms to strata laws over the last few years have succeeded in limiting the voting powers of developers who own more than half of the units in a scheme, when it became apparent some developers try to control proxy votes as a way of maintaining ongoing control over the building and the other owners,” Ms Burney said."