Strata Management in New South Wales
New South Wales (NSW) - Owners Corporation & Strata Management
New South Wales is Australia's 'Premier State' offering a wide variety of climates and a diversity of culture. NSW has more than 70,000 strata properties on title representing well over 660,000 units. The state capital, Sydney, is Australia's most popular and populated city. With constant high demand for housing, Sydney is forecasted to continue strong growth in the strata property sector.
New South Wales terminology may differ from other states strata management legislation. Strata Managers manage the common property of the Strata Scheme with the help of an Executive Committee. When buying and selling property, the vendor disclosure document for the Owners Corporation is the Section 109 Certificate, which will be in the Contract of Sale.
Ace Body Corporate Management has been a member of the state strata management institute, Strata Community Australia (NSW), since 2003. Membership with SCA (NSW) is compulsory for all Ace NSW strata managers. Ace NSW strata managers all have a NSW Strata and Community Management Licence and obtain the post nominal, Certified Practising Strata Manager (CPSM).
The legislation affecting owners corporations in NSW is Strata Schemes Management Act 1996, Strata Schemes (Freehold Development) Act 1973, Strata Schemes (Leasehold Developments) Act 1986, Property, Stock and Business Agents Act 2002, Community Land Management Act 1989, Strata Schemes Management Regulation 2005, Property, Stock and Business Agents Regulation 2003.
The dispute resolution body in NSW covering strata management is the Consumer, Trader & Tenancy Tribunal.
The Ace Body Corporate Management website has one of Australia's largest sources of information on strata management. Please browse the links in the side menu, including 'Strata Links' where you can download the relevant legislation and associated acts. For more information on strata management in NSW, please contact your local Ace strata manager under 'Contact Us'.