by Cameron Shaw | Feb 2, 2018
Section 31 of the Strata Schemes Management Act 2015 (NSW) states the following people are eligible to be a member of the strata committee: An individual or company nominee of a corporation that is the sole owner of a lot in the strata scheme; An individual who...
by Cameron Shaw | Feb 2, 2018
Section 35 of the Strata Schemes Management Act 2015 (NSW) states six ways a strata committee member vacates their position: The member is no longer eligible to be a member; The person was not an owner when they were elected and the individual who nominated...
by Cameron Shaw | Dec 15, 2017
It is common practice for vendors to agree to a ten per cent deposit ‘paid by instalments’, with five per cent paid on exchange and the remaining five percent paid on settlement. This practice was considered in Boyarsky v Taylor [2008] NSWSC 1415. In this case, the...
by Cameron Shaw | Nov 26, 2017
Do I need a discretionary family trust? What is a family trust? A family trust is a discretionary trust set up to hold the assets of a family or to run a family business. No two discretionary family trusts are the same, yet there are two overarching benefits in...
by Cameron Shaw | Nov 20, 2017
Section 141(3) of the Strata Schemes Management Act 2015 (NSW) requires that: The secretary of the owners corporation must keep a consolidated up to date copy of the by-laws for the strata scheme. This provision came into effect when the 2015 Act came into force on 30...
