From www.holdingredlich.com: NSW has introduced significant strata reforms aimed at enhancing accountability and addressing housing challenges, encapsulated in three legislative phases: the 2023 reforms, the 2025 proposed reforms, and the Managing Agents Act.

Key updates include changes to the strata renewal process, stricter regulations for voting and committee member appointments, and enhanced disclosure obligations for strata managing agents.

Stakeholders, including developers and owners, must adapt to these evolving requirements to ensure compliance and understand their impact on strata and community land schemes.