Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Act now to meet new rules, PMs urged

By Staff Reporter
20 July 2015 | 1 minute read

Property owners are reportedly struggling to meet a new pool compliance deadline – even though it’s been postponed twice.

Real Estate Institute of NSW chief executive Tim McKibbin said that although the institute supports the legislation, it’s concerned there aren’t enough qualified inspectors to meet the demand.

“While we were disappointed that the compliance deadline had to be extended by a further 12 months earlier this year, it was necessary to ensure property owners were not adversely affected,” Mr McKibbin said.

Advertisement
Advertisement

The original compliance deadline was 29 April 2014. It was postponed for 12 months after REINSW successfully argued that demand for inspectors exceeded supply.

The deadline was then extended by another 12 months to 29 April 2016, but the institute it is still not satisfied that adequate resources are available to ensure compliance.

“We want to see this legislation implemented successfully, but in order to do so it must be workable in day-to-day real estate practice,” Mr McKibbin said.

He also said there is confusion and conflict between the advice provided by certifiers and local councils.

“This results in a lot of needless back and forth and, in some cases, money wasted on alterations that do not in fact need to be carried out in order to ensure compliance.”

Mr McKibbin said he doesn’t want to see the pool compliance rules pushed back from the latest starting date in nine months, given that they have already been postponed twice.

“The government has indicated to REINSW that they will not delay the legislation again, so it is imperative that agents start planning now to avoid delays ahead of 29 April 2016.”

 

 

Act now to meet new rules, PMs urged
default
lawyersweekly logo

 

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Gnarabup
66.67%
Boomerang Beach
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.