What is the next step if a NSW strata manager is banned or loses their license. What do residents' and the owners corporation do?
Compliance with strata management regulations is essential to avoid further issues.
If a strata manager is banned or loses their license in NSW, as the next step, the owners corporation should promptly appoint a licensed replacement to ensure continuity in their strata scheme. This is required by law.
It would be recommended to handle any legal obligations or advice from NSW Fair Trading or a strata lawyer to make sure that the change over process is correctly followed and you don’t inadvertently breach your current agreement. A General Meeting should be held to discuss the schemes next steps and vote on the appointment of a licensed strata manager.
Compliance with strata management regulations is essential to avoid further issues.
Log in to your existing Lookupstrata Account to download the printable file.
The Strata Collective Managing Director Rod Smith has a Bachelor of Commerce and has been a strata manager of over 16 years. Rod currently sits on the SCA (NSW) Strata Managers Sub Committee and has previously been elected as a representative to the UDIA (development peak body) Strata Management Chapter for five years. The Strata Collective is currently the winner of the 2018 Small Strata Manager of the Year – NSW.
Rod is a regular contributor to LookUpStrata.
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