Strata reform 75% termination rule: Respected property lawyer speaks out

An oped piece in the Sydney Morning Herald by respected property lawyer and academic Dr Cathy Sherry about the NSW Government’s proposed new strata termination rule spells out very clearly why this rule should never be made law. http://www.smh.com.au/comment/strata-law-overhaul-a-step-too-far-20150823-gj5mz5.html

CPSA is campaigning on this issue and has a list of potential case studies for media (local, regional, metro) to use.

Key CPSA campaign points are:

  • Draft legislation proposing to lower the vote for termination of strata schemes covering apartment blocks from 100% to 75% agreement will dramatically reduce the security of tenure of owner-occupiers, young, old and middle-aged.
  • Particularly hard-hit will be the “little old ladies”, who won’t be able to live out their last years in their apartment. Unable to afford to buy in the same area, they will most likely be forced into a nursing home, develop depression and die within a very short period.
  • Lowering the vote for termination of strata schemes covering apartment blocks from 100% to 75% agreement serves no public policy purpose.

Media Contact:
Charmaine Crowe, Senior Advisor, Research & Advocacy
Mobile: 0422 707 332