Your search has been limited to the first 30 items entered.
The WA Government has passed both he Strata Titles Amendment Bill 2018 and the Community Title Bill 2018. REIWA welcomes the passing and will continue to provide industry insight during the drafting of the Regulations. It is expected the full suite of changes will be enacted in the second half of 2019.
The key areas of reform are:
Ensuring that strata schemes are well managed is really important for owners of strata lots, but also for REIWA members who manage those schemes. The consultation paper proposed a raft of changes to the way annual general meetings are run, as well as allowing for the use of electronic means and the proposal for a code of conduct for strata managers to name a few.
REIWA's position is that mandating that certain items are on AGM agendas seemed a bit overbearing and could in fact stifle the ability of the strata manager to run smooth meetings - it doesn't necessarily increase consumer protection. REIWA felt to improve protections for owners of strata lots, it would make more sense to actually describe the powers and functions of those owners on strata councils more clearly. Ensuring they understand their role and what matters need to be considered - like reserve funds and financial reporting.
REIWA's long standing position is that strata managers should be licensed in just the same way that real estate agents are. REIWA doesn't support just introducing a code of conduct, because really a code goes hand-in-hand with licensing. Not to mention that all of the property codes are under review at the moment so it's a bit premature to create a new code that could be out of sync with the other codes.
REIWA believes in a digital age it is timely and relevant for the STA to be enabled electronically.