Substantial reforms to the Strata Titles Act will assist occupiers, owners and builders of strata title developments, according to Lands Minister George Cash.
Mr Cash said Government and industry groups had been working together for more than four years to formulate the changes which were introduced into Parliament as the Strata Titles Amendment Bill.
"This legislation will have a beneficial impact on the lives of people who live in or own strata title developments by strengthening their rights and privileges," he said.
"It will also provide more flexibility and scope for innovative developments and a firm foundation for future community title reforms."
The Bill addresses a wide range of issues which include:
· refined administrative and management practices for owners of duplex dwellings or three to five lot schemes;
· improved dispute resolution procedures for the strata titles referee;
· changes to insurance provisions to make it easier for appropriate insurance to be obtained;
· flexibility to develop vacant home sites and common property under the Act;
· introduction of management statements to assist developers establish structures for the control of shared services and facilities across a range of types of strata schemes; and -
· consumer protection provisions to enable the purchaser to identify the obligations and liabilities of being a strata lot owner.
The Minister first introduced an Amendment Bill into Parliament in April last year to address a number of deficiencies in the Strata Titles Act 1985.
It was then referred to the Upper House Legislation Committee for further consideration which recommended a number of significant amendments incorporated in the present Bill.
"This Bill is a credit to the strata titles consultative committee which consists of more than 20 government agencies and industry groups who worked tirelessly to achieve these reforms," Mr Cash said.
"These amendments will provide a platform for ongoing reform to assist owners, occupiers and builders of strata title developments to feel financially secure with their investment."
Media contact: Mark Thompson 222 9595