This article is about whether the new strata manager contract rules affect only newly signed agency agreements or also apply to existing contracts still in effect.
Question: Do the new strata manager contract rules apply only to new agency agreements, or do they also affect existing contracts?
Recent legislative changes introduced new contract rules for strata managers. Our current managing agency agreement has 12 months remaining. We want to deal directly with an insurance broker, so the clause about insurance commissions is important to us. Do the new rules apply only to agreements signed after the changes, or do they also apply to our existing agreement for the remaining term?
Answer: Existing contracts continue under their original terms until they expire, unless both parties agree to amend or terminate early.
Yes, the new unfair contract rules introduced by the Strata Schemes Legislation Amendment Act 2025 (NSW) only apply to new or renewed agency agreements made after the reforms commence. Existing contracts (like yours, with 12 months remaining) continue under their original terms until they expire, unless both parties agree to amend or terminate early.
Julia Moroz
Bugden Allen
E: [email protected]
P: 03 8582 8100
This post appears in the September 2025 edition of The NSW Strata Magazine.
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Read next:
- NAT: Fair strata agreements: New rules reshaping strata practices across Australia
- NSW: Strata Managing Agents Legislation Amendment Act 2024
- NAT: Unfair contracts, consumer protection and the impact on lot owners
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