More Law Changes for Strata Managers

It's just turned spring in NSW and the legislators are getting frisky with more and more law reform proposals every month.

This time they're reviewing the laws governing real estate agents and strata managers with a range of proposed changes affecting -

• trust account audit requirements & auditor qualifications
• agency agreements & payment entitlements
• regulatory powers over agents

Because NSW is one of the few places in Australia that strata managers are licensed these changes will affect them and strata corporations, so you should check them out.  And you can make submissions up to 5 October 2012.

You can find out more about the changes at the Fair Trading website.

There's a summary of the proposed changes here and you can read the draft legislation here.

Francesco ...