Nestrata | Property company

Nestrata

Phone: +61 438 908 264

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13.01.2022 STRATA FACTS At present Strata Managers are unregulated and unlicensed. Basically anyone can set up shop as a strata manager or strata management company in WA! AFTER NEW LAWS ARE INTRODUCED...... Strata managers will be regulated and made accountable to provide a far greater level of consumer protection than currently exists. The regulation of strata managers will: - impose comprehensive statutory duties on strata managers - empower strata companies to enforce those statutory duties on their strata manager.

10.01.2022 STRATA FACTS Meetings / The current provisions, which allow for a second meeting in one week’s time, are ineffective as generally less people attend the second meeting. AFTER NEW LAWS ARE INTRODUCED...... If a quorum isn’t present owners can proceed with the meeting after thirty minutes Owner apathy can sometimes make it quite difficult to convene a quorum for a meeting (a quorum is the minimum number of people who must be present before the meeting can go ahead, usually 50 per cent of the people entitled to be there). This can cause considerable delays and expense in re-booking strata managers to hold the reconvened meeting. Reforms will allow those owners who are present to declare a quorum thirty minutes after the appointed meeting time (note this does not apply to two lot schemes). This means the meeting can proceed and doesn’t have to be reconvened. However, if those present determine that it is appropriate, the meeting can still be reconvened in a week’s time.

03.01.2022 STRATA FACTS MEETINGS / The current provisions, which allow for a second meeting in one week’s time, are ineffective as generally less people attend the second meeting. AFTER NEW LAWS ARE INTRODUCED...... If a quorum isn’t present owners can proceed with the meeting after thirty minutes. Owner apathy can sometimes make it quite difficult to convene a quorum for a meeting (a quorum is the minimum number of people who must be present before the meeting can go ahead, usually 50 per cent of the people entitled to be there). This can cause considerable delays and expense in re-booking strata managers to hold the reconvened meeting. Reforms will allow those owners who are present to declare a quorum thirty minutes after the appointed meeting time (note this does not apply to two lot schemes). This means the meeting can proceed and doesn’t have to be reconvened. However, if those present determine that it is appropriate, the meeting can still be reconvened in a week’s time.

03.01.2022 Did you know that big Strata Law changes are coming in 2019? Are you informed of the facts?