Strata law reform on the cards as NSW Fair Trading swamped with complaints

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Strata law reform on the cards as NSW Fair Trading swamped with complaints
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Reforms of the state’s strata laws are set to address poor behaviour by managing agents as sector advocates call for the commissioner to have greater powers.

Strata agents will be targeted in a raft of new laws designed to stop dodgy dealings, ban shady commissions, and improve trust in strata schemes following a surge in complaints.

The government’s draft laws are in consultation with the Owners Corporation Network and Strata Community Association and will be considered by parliament later this year. Minister for Better Regulation and Fair Trading Anoulack Chanthivong said the reforms would boost confidence in investing and living in strata schemes.

St Ives resident Kristyn Haywood supports the proposal to increase transparency. She recently submitted a complaint to Fair Trading after her strata company Bright & Duggan allegedly incorrectly recorded votes to keep Meriton, the building’s developer, on a costly building caretaker contract.In May, the strata voted on whether Meriton should be retained as building manager, or go with a cheaper contract.

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