STRATA SCHEMES MANAGEMENT REGULATION 2016

Table of Provisions

PART 1 - PRELIMINARY

• 1 Name of Regulation
• 2 Commencement
• 3 Definitions

PART 2 - OWNERS CORPORATIONS AND STRATA COMMITTEES

• 4 Functions that may only be delegated to strata committee member or strata managing agent
• 5 Agenda for first AGM
• 6 Documents and records to be provided to owners corporation before first AGM
• 7 Tenant representatives: section 33 of Act
• 8 Vacation of office by tenant representative
• 9 Election of strata committee
• 10 Ballot for strata committee
• 11 Nominations for officers of strata committee
• 12 Priority votes--owners corporation
• 13 Proxy votes--owners corporation
• 14 Other means of voting--owners corporation and strata committee
• 15 Pre-meeting electronic voting
• 16 Informal votes
• 17 Ascertaining result of pre-meeting electronic voting

PART 3 - FINANCIAL MANAGEMENT

• 18 Payment plans for unpaid contributions: section 85 (6) of Act
• 19 Notice of recovery action for unpaid contributions, interest or expenses
• 20 Statement of key financial information
• 21 Calculation of annual budget
• 22 Accounting records
• 23 Levy register
• 24 Receipts
• 25 Limits on spending by large strata schemes
• 26 Approval for legal services costs

PART 4 - PROPERTY MANAGEMENT

• 27 Common property memorandum
• 28 Minor renovations by owners
• 29 Initial maintenance schedule: section 115 of Act
• 30 Window safety devices
• 31 Notification by owners of window safety devices
• 32 Disposal of abandoned goods: section 125 of Act
• 33 Tribunal may order payment of proceeds of disposal to owner
• 34 Removal of motor vehicles: section 125 of Act

PART 5 - BY-LAWS

• 35 By-laws for schemes before Strata Schemes Management Act 1996
• 36 Occupancy limits--exception
• 37 Model by-laws

PART 6 - INSURANCE

• 38 Approved insurers
• 39 Manner of calculation of insurance limit under damage policy
• 40 Insurance amount

PART 7 - RECORDS AND INFORMATION ABOUT STRATA SCHEMES

• 41 Electronic voting records
• 42 Inspection of records
• 43 Strata information certificate

PART 8 - BUILDING DEFECTS

• 44 Interpretation
• 45 Building inspectors
• 46 Disclosure of previous employment by developer
• 47 Interim reports: section 199 (2) of Act
• 48 Final report: section 201 (2) of Act
• 49 Notice to owners of reports: section 202 (3) of Act
• 50 Contract price for determining building bond
• 51 Maturity dates for building bonds
• 52 Additional documents to be lodged with building bond
• 53 Application to pay building bond to owners corporation
• 54 Use of building bond to meet costs of inspections or report
• 55 Payment of building bond
• 56 Review of decisions

PART 9 - ALTERNATIVE DISPUTE RESOLUTION

• 57 Application of Part
• 58 Directions of Secretary
• 59 Attendance and representation
• 60 Costs
• 61 Termination

PART 10 - MISCELLANEOUS

• 62 Connected persons
• 63 Limit for gifts to strata managing agents
• 64 Fees
• 65 Penalty notice offences and penalties
• 66 Seals of owners corporations--savings provision
• 67 Amendment of Act: clause 1 (5) of Schedule 3 to Act
• 68 Amendment of Act: clause 1 (5) of Schedule 3 to Act
• SCHEDULE 1
• SCHEDULE 2
• SCHEDULE 3
• SCHEDULE 4
• SCHEDULE 5