A raft of changes to Strata Laws in NSW come into effect on 30 November. The most important change is the ability of an Owners’ Corporation to force owners to sell if a 75% majority is in favour. This has been necessary for some time - the only debate was the size of the majority required. Overall the changes will make managing Owners’ Corporations easier. Investors need to understand the changes. There is an underlying bias against absent owners in that it is more difficult to give proxies. Full details are available at
http://www.fairtrading.nsw.gov.au/sites/ftw/About_us/Have_your_say/Reform_of_strata_laws.page