UPDATE: The Amendments to the Strata Titles Act have now been proclaimed.
As of May 1st, the Amendments to Strata Titles Amendment Act have been proclaimed! Some of these changes may affect you, and your Strata Manager will advise you of those changes as they arise in the running of your Strata Company.
The key focus areas of the Strata Titles Amendment Act are:
- Regulation of Strata Managers – minimum education requirements
- Improving the management of the Strata Company – by-laws have been refined to make them clearer and electronic voting now allowed
- Compulsory 10 year maintenance plans for designated Strata Companies
- Empowering owners to improve their scheme – Strata Company will now be able to make improvements as opposed to only maintain, repair & replace
- Fast and efficient resolution of strata disputes – SAT now the one stop shop
- Better buyer information for multi-stage developments
- Introduction of Leasehold strata
For a look into each of the major changes, you can view our Knowledgebase here.
The ESM Strata Team is very excited about these changes which are a big milestone for Strata in WA. Strata Titles currently account for over one-third of all forms of titles registered in Western Australia so these changes will effect a lot of the Western Australian community.
Change to WA Strata Legislation is coming.
The Strata Titles Amendment Act was passed in parliament last year and the Regulations have been drafted, distributed for public comment and Landgate are now reviewing feedback so that the Proposed Strata Titles Act (General) Regulations 2019 can be delivered to Parliament in the next few months.
Here at ESM, we are really excited to be a part of the amendments which are long overdue.
Jake Kneebone one of the directors and founder of ESM Strata was on the original committee for the Community Titles Advisory committee for 14 years – so when we say long overdue we mean it!
The purpose of the reforms are ultimately to improve strata management with a strong focus on creating stronger flexibility for those involved.
The key focus areas are:
- Regulation of Strata Managers – minimum education requirements
- Improving the management of the strata company – by-laws have been rejigged to make them clearer, electronic voting now allowed
- Empowering owners to improve their scheme – strata company will now be able to make improvements as opposed to only maintain, repair & replace
- Fast and efficient resolution of strata disputes – SAT now the one stop shop
- Better buyer information for multi-stage developments
- Introduction of Leasehold strata
All strata properties registered as Strata Titles at Landgate are subject to the Strata Titles Act 1985 (the Act) and will all be subject to changes when the Strata Titles Amendment Act 2018 comes into operation.
ESM Strata’s dedicated Education team and Strata Titles Act Amendments Team are working hard to stay at the forefront of the changes and will be bringing up to date information to all of our customers and the wider strata community. To stay up to date, you can follow us on LinkedIn and Facebook.
