The need to professionalise the strata or building management through more flexibility, efficiencies,
accountability and alignment with modern technology is finally being put into action with the recent
announcement of a new Strata Schemes Management Act 2015 which will come into effect from 
30 November 2016.

What does the new legislation entail?

At a high level, most of the changes are around making Annual General Meetings and committee meetings
more inclusive, providing role clarity, introducing a consistency of terminology, and ensuring improved
owner protection.

In order to make it easier to digest some of the legal and more complex changes, we will be communicating
the key changes via an upcoming series of emails. So do keep a look out for our future legislative updates.

What do you need to do in the meantime?

At this stage, nothing!  As one of Australia's leading property services companies, with more than 200,000
lots under management, we are already a step ahead in updating our procedures, documents,
and systems to ensure you and your property is compliant. So once the legislation comes into effect,
we will be ready!

Here is the series of topics which we will cover in the coming weeks:

NSW legislation update #1 Annual general meetings

NSW legislation update #2 Committee meetings

NSW legislation update #3 Finance, legal & insurance

NSW legislation update #4 By-laws

NSW legislation update #5 Repairs & Maintenance

If you have any questions in the meantime, simply email your strata manager with your property
and contact details, and we'll be in touch.

The PICA Group