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REIWA is disappointed to learn that the Part 12 of the Strata Titles Amendment Bill 2018 has been referred to the Standing Committee of Legislation.
Part 12 (Termination of Strata Schemes) will be examined by the Committee while the remainder of the legislation will be debated by the Upper House in coming days.
Proposed changes will see lots of five or more dwellings, require an 80 per cent vote in favour, before the Stat Administrative Tribunal determines if the scheme can be terminated, and all lots sold. Currently, the vote must be unanimous.
It is disappointing that these long-awaited reforms have experienced this delay, but it provides an opportunity to ensure the proposed changes are robust enough to meet the needs of West Australians into the future.
Should the committee not recommend any amendments to the Draft Bill, it could likely pass by November.
Any recommended amendments would have to be approved by the Lower House, ultimately pushing back the legislation to the end of 2018/ early 2019.
REIWA President Hayden Groves said the Institute appreciates that the Council has been given four weeks to make its determination, which would allow the WA Government to keep its election promise of passing strata reforms in 2018.
“REIWA will continue to advocate for the swift passage of the Strata Titles Amendment Bill 2018 and Community Titles Bill 2018,” Mr Groves said.
View more information about REIWA's stance on strata title reforms.