Launch of the Community Title Reform Paper
The Minister for Fair Trading, the Hon Matthew Mason-Cox launched the long awaited for Community Title law reform paper on Friday, 19 September.
A copy of the paper can be found here.
In his media release, the Minister said that:
“The position paper sets out a coherent and informed approach to meet the future needs of residents living in nearly 2200 community, neighbourhood and precinct schemes operating around the state.
“At the very heart of the package are measures that seek to better protect residents with a focus on ensuring transparency and accountability in decision-making.
“We are establishing a framework for community schemes that is modern, flexible and removes the onerous requirement to have all owners agree unanimously on decisions about their property.”
You can find a copy of the full media release here.
The SCA (NSW) Board and Policy and Legislation Committee are currently considering all aspects of the paper and will provide more information and seek consultation with members shortly.