The Landlord and Tenant (Amendment) Act 1948 (LTA Act) will be repealed on July 1, according to a report by the New South Wales Real Estate Institute (REINSW).
This decision is part of the NSW government's "Social Business Reform" package, which aims to create opportunities for small businesses by reducing red tape, costs and complexity without reducing consumer protection and reducing providing consumers with the information they need to make the right decisions about their business. to come up.
The announcement regarding the LTA Act relates only to properties under rent control, and the relevant provisions of the LTA Act concerning energy savings will be inserted in Schedule 2 of the Act of 2010 on the rental of residential use (NSW).
The LTA Act was originally adopted to provide post-war housing, allowing tenants, particularly the military and their families, to control rents and guarantee security of their occupation.
What will be the changes?
As part of the amendment, existing tenants and their spouses will remain protected. However, inheritance tax for dependent children will be removed.
According to the NSW Government, the protection afforded by the ETA Act will continue to apply as if it had not been repealed until the death of the tenant concerned. In addition, a spouse or common-law partner is covered when living with the tenant immediately before death.
"REINSW did not oppose the repeal of the LTA Act as a supporter – in principle – of measures to simplify, repeal and reform existing legislation," Tim said. McKibbin, Managing Director of REINSW. "We maintain the view that there is no benefit to maintaining the current ETA law, but recognize that the NSW government must treat the protected persons affected by the law fairly and immediately." repeal. "
McKibbin stated that prior to the repeal of the LTA Act, the Government of New South Wales should not only take note of the number of properties protected under the law, but also be willing to offer a relocation to the dependent children living in the deaths of the tenant or his partner.
"The government must be aware that some of those affected depend on protected rent to survive – it is unlikely that they will be able to pay the rent charged by private landowners," he said. -he declares.
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