Legislation plays an important role in strata. Everything the owners corporation and/or the executive committee does is regulated mainly by the Strata Schemes Management Act 2015. In addition to this, strata managers and their agency agreements are regulated by the Property, Stock and Business Agents Act 2002.
There are other statutory acts which apply to strata, we have provided a few links below:
- Strata Schemes Management Act 2015
- Strata Schemes Management Regulation 2016
- Property, Stock and Business Agents Act 2002
- Property, Stock and Business Agents Regulation 2014
- NSW Legislation Website
The NSW Office of Fair Trading also has a lot of excellent information relating to strata management, including some very informative fact sheets.