A REVIEW of NSW strata and community title laws will be conducted next year, with a public consultation process and submissions to be open over the Christmas period until February.
Global Access Partners (GAP), which is sponsored by the NSW government, is hosting community consultation online.
NSW Fair Trading Minister Anthony Roberts said the GAP initiative would provide information for the government's review of strata and community title laws next year.
Mr Roberts said strata was now the fastest growing form of residential property ownership in the state.
More than 2 million people lived in over 70,000 strata and 1500 community schemes in NSW, while half the NSW population was expected to be living in strata and community schemes within 20 years.
Strata and community schemes include city high-rises, townhouses, dual occupancies, offices, retirement villages and mixed-use, recreational and tourism-focused developments.
Mr Roberts said the original strata and community title laws, dating from 1961, were designed for small, self-managed blocks of flats, and reform was needed to "more effectively meet the diverse needs of today's owners and residents".
"The laws are outdated, and no longer effectively support owners in the day-to- day management of their scheme or address the issues associated with ageing buildings, changing demographics and accountability for annual budgets that can amount to millions of dollars," he said.
Strata Community Australia (NSW) president David Ferguson said it would propose the harmonisation of laws across Australia to make it easier for those owning, living or working in the strata and community industry.
Submissions close on February 29.
What changes do you think should be made to strata and community title laws?
Details: www.openforum.com.au
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