I’m bringing you an edited version of last Friday’s LIVE chat with Chris Duggan. 
 
We cover the new Professional Standards Scheme for NSW strata managers and their staff, plus the need-to-know on the latest (and no less confusing) iteration of our Public Health Orders. 

Links mentioned:

 

1 Response

  1. Just looking at the Code of Ethics and can’t help but notice some of it is impossible for an agent to meet.

    Professional Strata Managers
    This part of this Code is specific to Strata Manager Members.
    All Strata Managing Agents must comply with the provisions of the:
    • Strata Schemes Management Act 2015
    • Strata Schemes Development Act 2015
    • Property and Stock Agents Regulation 2014
    • Strata Schemes Management Regulation 2016
    • Property and Stock Agents Act 2002 no 66
    • Residential Tenancies Act 2010
    • Residential Tenancies Regulation 2019
    • Environmental Planning and Assessment Act 1979
    • Competition and Consumer Act 2010
    • Anti-Discrimination Act 1977
    • Privacy Act 1998
    • Dividing Fences Act 1991
    • Agricultural Tenancies Act 1990
    • Work Health and Safety Act 2011
    • Conveyancing (Sale of Land) Regulation 2017 – under the Conveyancing Act 1919
    • NSW Fair Trading Act 1987

    General statement:
    Not happening now and not about to happen.

    Strata is a cut throat industry where if a company is not cutting corners then they can’t offer a $$ price to be competitive with those who are cutting the corners. Owners only really care about the bottom line, not the compliance they get for the price.
    That, without naming names, one large agency out Liverpool way is still in businesses is testimony to the hopeless position the industry finds itself in.

    If you go to a lawyer you don’t necessarily get good advice. You get advice.
    In an adversarial environment one of the lawyers in a stouch typically losses – how good is the advice.

    I will read the whole Ethics doc in due course but a quick first blush results in the vista that it all looks good on paper but it is not really tangible in the real world.

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