Categories for Community Title

New definition of financial year for strata companies

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As part of the strata reforms that commenced on 1 May 2020 a new definition of financial year for a strata company was inserted in section 3 of the Strata Titles Act 1985 as follows: Financial year for a strata company means – (a) If the scheme by-laws are silent on the matter, the period of 12 months ending on 30 June; or (b) If the scheme by-laws specify a period of 12 months ending on a different date as...

Strata Titles Act Reform – Update June 2016

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In this series of articles on the Strata Titles Act Reform project, we are bringing you details of the amendments that will impact strata communities across Western Australia. Our previous articles and online videos have already covered other areas of the reforms including: the new forms of strata: community title schemes and leasehold strata improved management clearer and easier ways to resolve disputes terminations of schemes​ staged strata development. This article will focus on the proposed reforms for improving buyer...