Property management legislation nsw. The owner’s consent need not be furnished to NSW LRS.
Property management legislation nsw 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 2 November 2024 at 3:47) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 2 November 2024 at 3:47) Page 7 of 202. The changes implement some recommendations from the 2021 Report on the Statutory Review of the Strata Schemes Development Act 2015 and Strata Schemes Management Act 2015 to community land laws. Property Management Legislation in NSW In New South Wales (NSW), Australia, property management is governed by several pieces of legislation. 3 Definitions (1) In this Regulation— Part 6 Property management. management landscape in Australia can feel The NSW Fair Trading web site also has a lot of published information explaining the legislation, especially the Property Stock and Business Agents Act 2002 and Regulation 2014, which is the main legislation relevant to real estate agent activities. (5) Despite section 106 of the Strata Schemes Management Act 2015, the owner of a lot must maintain and keep in a state of good and serviceable repair any installation or structure referred to in clause (3) that forms part of the common property and that services the lot. Real Estate Academy Australia. Page 5 Property, Stock and Business Agents Regulation 2014 [NSW] Contents Page Published LW 29 August 2014 (2014 No 563) the NSW legislation website. The 2020 IP Framework builds on the 2005 Framework and recognises the significant developments in technology, law and policy since that time. Commencement 3. Ask a new question. Property management is a crucial aspect of the general real estate market. (2) The dealing must be accompanied by a certificate, in the form approved by the Registrar-General, under the seal of the owners corporation certifying that the owners Part 4 Property management 2016 and is required to be published on the NSW legislation website. When your strata scheme was registered, the by-laws which apply to your strata scheme were recorded in the second schedule of the folio of the Register for the Common Property. In NSW, licensed real estate, strata managing, assistant, as well as stock and station agents are regulated by the Property and Stock Agents Regulation 2014 and the Property and Stock Agents Act 2002. If you are a tenant, your real estate agent or landlord must give you a copy of the by-laws From 11 December 2023, the NSW government implemented significant changes to the Strata Schemes Management Act 2015 (SSMA), Community Land Management Act 2021 (CLMA), and the Strata Schemes Development Act 2015 (SSDA) in This Act amends six different pieces of legislation, including the Strata Schemes Management Act and Regulation, the Community Land Management Act and Regulation, and the Property and Stock Agents Act and Regulation. By understanding and complying with these changes, both strata managers and property owners can contribute to a fairer and more efficient strata system. The Residential Tenancies Act 2010 has been amended by the Residential Tenancies Amendment (Review) Act 2018 and the Residential Tenancies Regulation 2019 has replaced the current Regulation. Strata Schemes Management Act 2015 No 50 [NSW] Contents Page 105 Disclosure of matters relating to legal costs 42 Part 6 Property management Division 1 Common property 106 Duty of owners corporation to maintain and repair property 43 107 Common property memorandum 43 108 Changes to common property 44 109 Cosmetic work by owners 44 the Actmeans theStrata Schemes Management Act 2015. For more information visit: NSW government Community Land Development Act 2021 No 6 - NSW Legislation. Landlords who do not live near the rental property, are busy or do not know the law very well may wish to use an agent to find a tenant and manage the property on their behalf. common property rights by-law consent to the making of the by-law, that owners consent now also being required to amendment or repeal of the by-law. clause applies immediately before it was vested in Government Property NSW by this Act. Alternately, you can purchase a copy from an NSW LRS - approved information broker. (2) Part 8 commences on 1 January 2018. 3 Definitions (1) In this Regulation— Further to the 2020 amendments to the Residential Tenancies Act 2010 (NSW) and the introduction of the new Residential Tenancies Regulation 2019 (NSW), it covers a range of key topics, and sets out the changes, the implications of those changes and what you need to do to implement best practice processes. Commencement 3. Community Land Management Act 2021 No 7 [2021-7] New South Wales Status Information Currency of version Historicalversion for 11 December 2023 to 19 August 2024 (accessed 26 January 2025 at 9:01) Part 4 Property management 2016 and is required to be published on the NSW legislation website. 11. 5 Documents. 3 Definitions (1) In this Regulation— (1) As soon as practicable after accepting a dealing under section 25, the owners corporation must lodge the dealing evidencing the transaction for registration under the Real Property Act 1900. From rent increase restrictions to pet-friendly reforms, get all the information you need to manage your properties Part 6 Property management. This Regulation commences on 1 September 2014 and is required to be published on the NSW legislation website. Site footer. Meaning of "large strata scheme" 7. 3 Definitions (1) In this Regulation— Part 6 Property management Division 1 Common property 106 Duty of owners corporation to maintain and repair property 43 Strata Schemes Management Act 2015 No 50 [NSW] Contents Page Current version valid from 5. Part 2Owners corporations and strata committees. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 13 March 2025 at 22:33) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 13 March 2025 at 22:33) Page 7 of 202. We acknowledge the traditional owners of this land and pay respect to Elders, past, present and The NSW Government is progressing the implementation of the recommendations from the 2021 Report on the Statutory Review of the Strata Schemes Development Act 2015 and Strata Schemes Management Act 2015 in phases. This Regulation replaces the Property, Stock and Business Agents Regulation 2003 Changes in law to the NSW Property and Stock Agents Act in 2022 & how they affect Property Management The following legislative changes relating to Property Management : Clarifying that assistant real estate agents performing business agent or on-site residential property management functions are prohibited from carrying out certain duties. Accessing any of the links below will take you away from our STRATA SCHEMES MANAGEMENT ACT 2015 - As at 2 March 2025 - Act 50 of 2015 TABLE OF PROVISIONS Long Title PART 1 - PRELIMINARY 1. The acts, regulations, planning instruments and/or other statutory instruments below represents key legislation used by real The list below shows you the range of laws administered by NSW Fair Trading within the Department of Customer Service. Legislation is a law that has been made and enacted by a legislature, such as a parliament. 55 Real Property Act 1900 No 25 [NSW] Current version for 29 November 2021 to date (accessed 30 April 2025 at 9:20) Page 4 of 194 The property management section of the Administrative Records GA28 outlines how public sector agencies in NSW must manage, retain, and dispose of property management records in compliance with legal and regulatory requirements. 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 1 November 2024 to 7 November 2024 (accessed 26 April 2025 at 7:03) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 1 November 2024 to 7 November 2024 (accessed 26 April 2025 at 7:03) Page 7 of 202. 74 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 3 February 2025 to 1 March 2025 (accessed 28 April 2025 at 17:36) Page 6 of 205 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 3 February 2025 to 1 March 2025 (accessed 28 April 2025 at 17:36) Page 7 of 205. Community Land Management Act 2021 No 7 - NSW Legislation. Crown Land Management Act 2016. Current owners, residents and tenants. It covers issues such as the roles and responsibilities of strata managers, dispute resolution, and maintenance of common property. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 13 January 2023 to 10 December 2023 (accessed 1 December 2024 at 17:54) Page 6 of 195 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 13 January 2023 to 10 December 2023 (accessed 1 December 2024 at 17:54) Page 7 of Part 6 Property management. Changes to Strata Schemes Development Act 2015 Regarding Compulsory Strata Management. The Minns Labor Government has introduced its third wave of strata reforms to the NSW Parliament today, improvements to strata management agreements, and improved committee governance. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 28 January 2025 at 7:40) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 28 January 2025 at 7:40) Page 7 of 202. These changes aim to increase transparency, enhance accountability, and provide better STRATA SCHEMES MANAGEMENT ACT 2015 - As at 2 March 2025 - Act 50 of 2015 TABLE OF PROVISIONS Long Title PART 1 - PRELIMINARY 1. Return 0 hits in page: First Last . All NSW legislation can be viewed and downloaded at Part 6 Property management. SSDA further amends and/or legislation including the Conveyancing Act 1919, the Local Government Act 1919, the Land Tax Management Act 1956, the Real Property Act 1900 Part 6 Property management. The Community Land Management Act 2021 (Act) and the Community Land Management Regulation 2021 (Regulation) will be effective from 1 December 2021. This Order commences on 23 March 2020 and is required to be published on the NSW legislation website. It is managed by the Parliamentary Counsel's Office. Note. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 29 April 2025 at 9:16) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 29 April 2025 at 9:16) Page 7 of 202. transfer datemeans the date on which the description of the property to which this clause applies was omitted from Schedule 1 by theStatute Law (Miscellaneous Provisions) Act 2009. 3 Definitions (1) In this Regulation— The new legislation are published on the NSW Legislation website: Community Land Development Act 2021. This legislation follows the recent launch of the Strata Living Guide which provides strata property owners and prospective buyers clear advice in plain Part 6 Property management. 28PApplication of provisions of this Act to qualified folio and land therein. Connected persons PART 2 - MANAGING BODY FOR STRATA SCHEMES--OWNERS Access the report that Minister Anderson has tabled on the statutory review of the Strata Schemes Development Act 2015 and Strata Schemes Management Act 2015 in NSW Parliament. Previous Hit Next Hit . This by-law confers on an owner rights of exclusive use and enjoyment of, or special privileges in respect of, Current legislation governing Crown lands in NSW came into force on 1 July 2018. 2016 at 14:04) Part 7 By-laws for strata schemes Building and construction services are transitioning to Building Commission NSW from 1 December 2023. In addition, the secretary of the owners corporation must keep a consolidated list in accordance with section 141(6) of the Strata Schemes Management Act 2015 (the Act). 3 Commencement - date when the act was commenced and/or came into force 1. (2) Notes included in this Regulation do not form part of this Regulation. Community Land Management Regulation 2021. The primary ones. Find out what The following work is excluded from real estate agent functions covered by the Property and Stock Agents Act 2002 (the Act): An example is where the person might be a property management company that is owned by the owner As a quick recap, section 106(1) of the Strata Schemes Management Act 2015 provides for the maintenance and repair of common property and section 106(2) provides for the renewal or replacement of common property. o [Strata Schemes Management Regulation 2016]. Changes to community land laws started on 11 December 2023 and 1 November 2024. Discover more from: real estate CPPREP4504. Letter to the Law Council of Australia – Winding down Australia’s cheques Part 4 Property management 2016 and is required to be published on the NSW legislation website. 70. Further, as reported by The NSW Office of Fair Trading, these are not the only changes that the industry’s professionals should expect, as reforms have been made to NSW’s real estate and property industry laws. We're making changes to strata laws to help meet the needs of people who own or live in strata property in NSW. For more information, please visit NSW Fair Trading and NSW Legislation: Part 6 Property management. A large number of Acts and Regulations impact the property industry in NSW. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 24 April 2025 at 15:36) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 24 April 2025 at 15:36) Page 7 of 202. For example, strata managing agents also have obligations under the Strata Schemes Management Act 2015. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 7 February 2025 at 10:48) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 7 February 2025 at 10:48) Page 7 of 202. The Act establishes a mandatory licensing The Order now recognises the new Diploma of Property (Agency Management) (CPP51122) and Diploma of Property (Agency Management-Strata) (CPP51122), relevant for class 1 agent licence applications. Amended to specify evidence management of residential property or rural land 63. Part 4 Property management 2016 and is required to be published on the NSW legislation website. o Section 143. The report makes 139 recommendations for improvements to both Acts and some non-legislative initiatives as well. Property and Development NSW Act 2006 No 40 [2006-40] New South Wales Status Information Currency of version Current version for 21 November 2024 to date (accessed 1 May 2025 at 1:53) Legislation on this site is usually updated within 3 working days after a An Act to provide for the regulation of property and stock agents; to repeal the Property, Stock and Business Agents Act 1941; and for other purposes. 7. Discussion paper – Statutory Review of the Crown Land Management Act 2016 – 15 March 2024. Under the Real Property Act a certificate of title previously issued has no force or effect for the purposes of a This legislation is the Minns Labor Government’s third tranche of strata law reforms and builds on changes which came into effect on 3 February 2025, requiring strata managers in NSW to provide significantly more detailed information to owners' corporations about their services and relationships, to increase transparency and accountability 2023 and 2024 reforms to community land laws. 2 Short Title - give the name of the act and the year it was implemented 1. Some of the key changes include strengthened obligations for owners to repair and maintain their building, greater protections for owners in financial hardship, banning unfair terms in strata management contracts and other contracts Part 6 Property management. These changes can be found on the NSW Legislation website. The current Regulation is due to expire on 1 September 2022. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 7 February 2025 at 11:55) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 7 February 2025 at 11:55) Page 7 of 202. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 22 April 2025 at 2:21) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 22 April 2025 at 2:21) Page 7 of 202. Changes Introduced by the Amendment Bill: NSW Fair The Property Law Committee monitors all matters related to property law and represents the Law Society and its members on policy and practice issues arising from it. Name of Act 2. . The owner’s consent need not be furnished to NSW LRS. Section 108 of the Act provides for the procedure for authorising any changes to common property in the form of adding a new Ss 142 and 143 Strata Schemes Management Act 2015 - An owners corporation may make or change a “common property rights by-law”, with the written consent of the owner and by passing a special resolution. Continue reading. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 29 December 2024 at 18:10) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 29 December 2024 at 18:10) Page 7 of View whole Act Statutory instruments Turn history notes on Legislative history Search Act Results: match 0 of 0 provisions . Before or at the time of entering into an agency agreement under which an agent will provide property management services in respect of the leasing of residential property or rural land, the agent must prepare for inclusion in the CPPREP4003 - Access and interpret legislation in real estate (Release 1) Written Questions 1. Prior to the Amendment: Only the owners and certain other individuals, like creditors, can apply to the NSW Civil and Administrative Tribunal (NCAT) for the appointment of a compulsory strata managing agent. Note— The Act and theInterpretation Act 1987contain definitions and other provisions that affect the interpretation and application of this Regulation. Property and Stock Agents Amendment (Refund of Fees) Regulation 2020. Most people receive a copy of the by-laws when they move into a strata scheme. Here are the six changes to the laws that regulate NSW's real estate and property industry agents. Sydney. Hide Part 4 Property management 2016 and is required to be published on the NSW legislation website. 2015 to date (generated on 22. Key changes include: The NSW legislation website is the primary source for NSW legislation. Objects of Act 4. 3A Definition The strata management industry in NSW is set to undergo significant reforms with the introduction of the Strata Managing Agents Legislation Amendment Bill 2024. 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 2 October 2024 at 6:20) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 2 October 2024 at 6:20) Page 7 of 202. 4. It provides a framework for the NSW Government, local councils and members of the community to work together to provide care, control and management over Crown reserves. Definitions 5. (2) NSW legislation Part 6 Property management. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 9 January 2025 at 14:22) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 9 January 2025 at 14:22) Page 7 of 202. If you don’t have a copy, ask the strata committee secretary or strata manager. 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 1 May 2025 at 2:16) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 1 May 2025 at 2:16) Page 7 of 202. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 29 April 2025 at 18:54) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 29 April 2025 at 18:54) Page 7 of 202. Community Land Development Regulation 2021. Community Land Management Act 2021. The 2020 IP Framework consists of three parts: Part 6 Property management. The Property, Stock and Business Agents Act 2002 is the primary piece of legislation regulating the NSW real estate and property services industry. Some key changes to the Community Land Management Act 2021 include: increased penalties for by-law breaches Part 6 Property management. An agent who manages residential property for a landlord must either be: a licensed real estate agent (that is, they hold a real estate licence) The 2020 IP Framework replaces the Intellectual Property Management Framework for the NSW Public Sector published in 2005. The new laws modernise and simplify the governance and management structure in community, precinct and neighbourhood schemes, simplify development processes, and give associations greater flexibility to deal with land. Crown land is governed by the Crown Land Management Act 2016 (CLM Act). 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 23 April 2025 at 18:01) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 20 August 2024 to 31 October 2024 (accessed 23 April 2025 at 18:01) Page 7 of 202. 3 Definitions (1) In this Order Part 2 Sales, leasing and property management work experience requirements. The NSW Government advanced the first phase of reforms with new laws that started on 11 December 2023. Giving NSW Fair Trading the power to prescribe the form of contracts that a strata managing agent or building manager can enter into with a strata scheme. Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 20 February 2025 at 17:36) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 20 February 2025 at 17:36) Page 7 of Strata Schemes Management Act 2015 No 50 [NSW] Contents Page 105 Disclosure of matters relating to legal costs 42 Part 6 Property management Division 1 Common property 106 Duty of owners corporation to maintain and repair property 43 107 Common property memorandum 43 108 Changes to common property 44 109 Cosmetic work by owners 44 Part 6 Property management. An Act with respect to the management of strata schemes and disputes related to strata schemes and other matters; corporation for a strata scheme may appoint a person who is the holder of a strata managing agent’s licence under the Property and Stock Agents Act 2002 to be the strata managing agent of the scheme. Noel Sydney 2022. 71. Changes to strata laws. 3 Definitions (1) In this Regulation— The NSW residential tenancy laws have come into effect on 23 March 2020. 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 29 April 2025 at 5:04) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 29 April 2025 at 5:04) Page 7 of 202. Property and Development NSW Act 2006 No 40 [NSW] Part 6 Property management. 4 Application - what the act applies toand/or how the act Strata Schemes Management Act 2015: This Act governs the management of strata schemes, which are a common form of property ownership in NSW. The relevant owner must not unreasonably withhold consent to amendment or repeal of the by-law. You can view the following non-exhaustive list of legislation which affects the practice of these types of agents The NSW rental landscape is evolving with the Residential Tenancies Amendment Act 2024, bringing significant reforms that impact both renters and Property Managers. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 28 April 2025 at 17:35) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 28 April 2025 at 17:35) Page 7 of 202. New information about the NSW Strata Schemes Management Act 2015, Strata Schemes Management Regulation 2016 plus articles and Q&As about NSW strata laws are added regularly. These will all take effect on 23 March 2020: There is a range of regulations and legislation that may apply to real estate, including property sales and management in Australia. 71 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 22 April 2025 at 7:36) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 11 December 2023 to 19 August 2024 (accessed 22 April 2025 at 7:36) Page 7 of 202. Part 6 Property management. The Property and Stock Agents Act 2002 and Property and Stock Agents Regulation 2022. 72 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 26 April 2025 at 8:45) Page 6 of 202 Strata Schemes Management Act 2015 No 50 [NSW] Historical version for 8 November 2024 to 2 February 2025 (accessed 26 April 2025 at 8:45) Page 7 of 202. This is a complete overhaul of community title legislation, which is Have your say on laws for licensed real estate, property and stock agents. We would like to show you a description here but the site won’t allow us. 1 Long Title - explains the act purposes 1. The Order now recognises the new Diploma of Property (Agency Management) (CPP51122) and Diploma of Property (Agency Management-Strata) (CPP51122), relevant for class 1 agent licence applications. Aerial view of Noel Sydney, Royal Botanic Gardens, Sydney. Name of Act 2. Discover the latest updates to NSW tenancy laws and how they impact landlords and investors. While this Act is specific to New South Wales, these changes may eventually affect legislation updates in other Australian states. Resolutions of owners corporations 6. Headings 1. 2 Sales (1) Prepare a marketing plan. (2) Enabling the owners corporation to apply to the NSW Civil and Administrative Tribunal (the Tribunal) to end the contract of their strata managing agent or building manager, if they break the law. Image courtesy of Destination NSW. Strata Schemes Management Act 2015 No 50. Community Land Management Act 2021 No 7 [NSW] Contents Page 15 Tribunal may order initial documents to be provided 7 16 AGM must be held 7 17 Other general meetings 7 109 Duty of association to maintain and repair property 40 110 Control and management of access ways and other property 40 The new strata laws in NSW represent a significant step towards more transparent and accountable strata management. It involves, as the name suggests, managing the day-to-day matters of a particular piece of property. This version was issued in February 2021. In addition to complying with the rules of conduct, agents and assistant agents may have to comply with other laws, including the Property and Stock Agents Act 2002, in relation to their conduct and in carrying out their functions. Passed on 24 October 2024, this legislation Law document from Real estate training academy, 26 pages, NSW -Property Management Related legislation NSW specific legislation: The following legislation governs The real estate industry of New South Wales is governed by NSW legislation and Commonwealth legislation. STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 106 Duty of owners corporation to maintain and repair property 106 Duty of owners corporation to maintain and repair property (1) An owners corporation for a strata scheme must properly maintain and keep in a state of good and serviceable repair the common property and any personal property vested in the owners . sjran noeol lfdn pud visavfy mpgmb vze lxyppn xuh srlyhe qfgj oewj vefzvi ionfibh eodpl