New Disclosure Obligations for Strata Managing Agents
Strata Managing Agents Legislation Amendment Bill 2024
Legislative Assembly
Legislative Council
Assent
Introduced by: The Hon Anoulack Chanthivong MP (ALP); The Hon Penny Sharpe MLC (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Scott Farlow LIB
“I lead for the Opposition in debate on the Strata Managing Agents Legislation Amendment Bill 2024 on behalf of the shadow Minister for Fair Trading, Tim James, the member for Willoughby in the other place. The Liberals and The Nationals support the bill. The Coalition has always been a leader in advocating for fairness, transparency and accountability in the strata management sector.”
Cate Faehrmann GRN
“On behalf of The Greens, I oppose the Strata Managing Agents Legislation Amendment Bill 2024. Countless strata experts, academics, lawyers and event managing agents, and even the head of the Australian Competition and Consumer Commission have said that we must ban commissions in strata immediately. Yet the bill before the House does almost the exact opposite.”
Anthony D'Adam ALP
“I support the Strata Managing Agents Legislation Amendment Bill 2024. Currently, New South Wales has over 85,000 strata schemes housing more than 1.2 million residents. With that number expected to increase, the Government recognises and appreciates the role that strata living plays in our communities. It is the Government’s priority to support confidence in investing and living in strata schemes.”
Mark Buttigieg ALP
“The bill marks an important step in the Government’s commitment to modernising strata laws in New South Wales. The Government’s comprehensive plan to build more affordable and high‑quality homes across New South Wales will see a further increase in the number of strata residents. Hence, it is imperative that the people of New South Wales have the confidence to invest and live in strata schemes.”
News articles and press releases
Strata Managing Agents Legislation Amendment Bill 2024
Mr ANOULACK CHANTHIVONG, Minister for Better Regulation and Fair Trading — 2024-08-14
The bill amends the Strata Schemes Management Act 2015 and the Property and Stock Agents Act 2002 to strengthen the disclosure obligations of strata managing agents, increase transparency for strata owners, and bolster NSW Fair Trading’s compliance and enforcement powers. Complementary changes are also proposed to ensure that the Community Land Management Act 2021 remains consistent with the Strata Schemes Management Act.