Owners and purchasers of community and strata titled properties in South Australia will receive extra protection and access to free information and advice under legislation introduced by Attorney-General John Rau.
Mr Rau said the Statutes Amendment (Community and Strata Titles) Bill 2011 required body corporate managers to hold professional indemnity insurance to protect community and strata corporations from negligence by managers.
Among the new protections provided by the legislation is an increasing focus on protection of purchasers of off-the-plan developments
“For example, developers must not enter into long-term agreements with body corporate managers or others that benefit the developer at the expense of the purchasers,” Mr Rau said.
The legislation also coincided with the start of a new, free information service to owners of community and strata titled properties.
“This can be a difficult area of law. For this reason, I’m sure many people will welcome a new specialist telephone service, to be run by the Legal Services Commission, to provide expert information and legal advice on community and strata titles.”