The long awaited overhaul of NSW strata title laws moved one step closer with two bills introduced to parliament last week. Strata law reform is essential due to the growing popularity of apartment living. 

With apartment living considered almost as attractive as freestanding homes it is important to simplify strata laws to make them easier to understand, while at the same time recognise our existing and future requirements.

After considerable consultation from industry, the public and interest groups we are very pleased to see that these matters will be addressed. With some two million people living or working in more than 75,000 strata schemes across NSW these reforms are of the utmost importance.

Minister for Innovation and Better Regulation Victor Dominello introduced the Strata Scheme Management Bill and Strata Scheme Development Bill, which will be debated until the end of October. 

On 1 July 1961 the world’s first strata scheme was registered in New South Wales.