What’s Happening With the NSW ByLaws Process from the 11 October 2021?
This video discusses changes to electronic land dealings coming into effect on 11 October 2021 and what these changes mean for consolidating and registering bylaws in NSW. What’s happening and what does it mean for you?
From 11 October 2021 in NSW, apart from a very small number of exceptions, every land dealing in NSW will be electronic.
The key changes affecting NSW owners corporations
- Certificates of Title will be no longer be considered a legal document so owners of a CT can:
- Do nothing
- Destroy it
- Frame it
- All land dealings lodged at NSW Land Registry Services must come through a “Subscriber”. A “Subscriber” is a law firm or licenced conveyancer.
- Paper dealings will no longer be accepted for lodgement – no more over the counter lodgements.
- The video focuses on one of the most common dealings for strata “Change of by-laws”.
David steps you through the new process for submitting Change of ByLaws in NSW, whether you are a strata manager, committee with a strata manager or dealing with these changes as a self managed strata scheme.
Finally: Your by-law is NOT valid or enforceable until it is registered!
Bugden Allen Graham Lawyers has a solution to help you streamline this process. You can take a look at the ByLaw Builder platform here.
The Bugden Allen Graham Lawyers presentation referred to in the video can be downloaded here: Electronic land dealings in NSW from 11 October 2021 – a focus on CT’s and by-laws
This post appears in Strata News #517.
David Budgen
Bugden Allen Graham Lawyers
E: david@bagl.com.au
P: 02 9199 1055
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