New South Wales Consolidated Regulations

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STRATA SCHEMES MANAGEMENT REGULATION 2016

- Made under the Strata Schemes Management Act 2015
- As at 28 November 2018
- Reg 501 of 2016

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions

   PART 2 - OWNERS CORPORATIONS AND STRATA COMMITTEES

   4.      Functions that may only be delegated to strata committee member or strata managing agent
   5.      Agenda for first AGM
   6.      Documents and records to be provided to owners corporation before first AGM
   7.      Tenant representatives: section 33 of Act
   8.      Vacation of office by tenant representative
   9.      Election of strata committee
   10.     Ballot for strata committee
   11.     Nominations for officers of strata committee
   12.     Priority votes--owners corporation
   13.     Proxy votes--owners corporation
   14.     Other means of voting--owners corporation and strata committee
   15.     Pre-meeting electronic voting
   16.     Informal votes
   17.     Ascertaining result of pre-meeting electronic voting

   PART 3 - FINANCIAL MANAGEMENT

   18.     Payment plans for unpaid contributions: section 85 (6) of Act
   19.     Notice of recovery action for unpaid contributions, interest or expenses
   20.     Statement of key financial information
   21.     Calculation of annual budget
   22.     Accounting records
   23.     Levy register
   24.     Receipts
   25.     Limits on spending by large strata schemes
   26.     Approval for legal services costs

   PART 4 - PROPERTY MANAGEMENT

   27.     Common property memorandum
   28.     Minor renovations by owners
   29.     Initial maintenance schedule: section 115 of Act
   30.     Window safety devices
   31.     Notification by owners of window safety devices
   32.     Disposal of abandoned goods: section 125 of Act
   33.     Tribunal may order payment of proceeds of disposal to owner
   34.     Removal of motor vehicles: section 125 of Act

   PART 5 - BY-LAWS

   35.     By-laws for schemes before Strata Schemes Management Act 1996
   36.     Occupancy limits--exception
   37.     Model by-laws

   PART 6 - INSURANCE

   38.     Approved insurers
   39.     Manner of calculation of insurance limit under damage policy
   40.     Insurance amount

   PART 7 - RECORDS AND INFORMATION ABOUT STRATA SCHEMES

   41.     Electronic voting records
   42.     Inspection of records
   43.     Strata information certificate

   PART 8 - BUILDING DEFECTS

   44.     Interpretation
   45.     Building inspectors
   46.     Disclosure of previous employment by developer
   47.     Interim reports: section 199 (2) of Act
   48.     Final report: section 201 (2) of Act
   49.     Notice to owners of reports: section 202 (3) of Act
   50.     Contract price for determining building bond
   51.     Maturity dates for building bonds
   52.     Additional documents to be lodged with building bond
   53.     Application to pay building bond to owners corporation
   54.     Use of building bond to meet costs of inspections or report
   55.     Payment of building bond
   56.     Review of decisions

   PART 9 - ALTERNATIVE DISPUTE RESOLUTION

   57.     Application of Part
   58.     Directions of Secretary
   59.     Attendance and representation
   60.     Costs
   61.     Termination

   PART 10 - MISCELLANEOUS

   62.     Connected persons
   63.     Limit for gifts to strata managing agents
   64.     Fees
   65.     Penalty notice offences and penalties
   66.     Seals of owners corporations--savings provision
   67.     Amendment of Act: clause 1 (5) of Schedule 3 to Act
   68.     Amendment of Act: clause 1 (5) of Schedule 3 to Act
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3
           SCHEDULE 4
           SCHEDULE 5


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