Tuesday, 27 June 2017
Strata Renewal Plans and Strata Renewal Proposals – Will the redevelopment of redundant apartment buildings be more achievable for owners and developers?
Date : 16 March 2017
Author/s : David Blackburn, Helen Macfarlane
Type : Focus Paper
 

 

The Strata Schemes Development Act 2015 that commenced on 30 November 2016 offers significant benefits to the development industry by way of a new process that enables lot owners to end outdated strata schemes for sale or redevelopment purposes.

 

Previous strata legislation placed considerable constraints upon the ability for strata buildings to be sold or redeveloped, because the end of a strata scheme required the support of 100% of lot owners.  The Act makes the redevelopment process more achievable for both owners and developers by requiring the support of only 75% of lot owners to end a strata scheme.

 

To view the full article click here.

Back
Latest Knowledge
Beyond the headlines – what does the appointment of administrators to SumoSalad entities really mean?
27 June 2017
On 13 June 2017 the Australian Financial Review published an article titled “SumoSalad uses Insolvency Laws to fight Scentre’s Westfield”.
MORE INFORMATION