Termination of strata schemes in New South Wales - Proposals for reform

Many older strata schemes in Sydney are in need of redevelopment. Before this can occur the existing scheme must be terminated. There are currently two methods of termination — consensual termination by the Registrar-General with the unanimous agreement of all interest holders, or non-consensual termination by the Supreme Court. Some stakeholders argue that the current provisions should be relaxed to allow for the easier termination of schemes. This article considers those proposals, their justifications and the potential social consequences.