One of the of the key focuses of the press coverage on the Strata Management Industry recently has been Insurance Commissions earned and (in almost all cases) retained by strata management companies. There has been mounting pressure on the government and industry in relation to addressing this practice and it has now been announced that […]
Industry Update – Phased Transition on Insurance Commission Read More »
A range of important updates have recently been made to the Strata Schemes Management Act 2015 and will be coming into force on 1 July 2025. These changes introduce new duties, procedures, and compliance requirements for owners corporations, committees, building managers, and procedures relating to meetings. Strata Sense wrote another recent blog post on this
NSW Strata Law Update 1 July 2025 – What You Need to Know Read More »
The landscape of strata legislation in New South Wales (NSW), Australia, is undergoing significant reforms aimed at enhancing transparency, accountability, and the overall living experience within strata communities. In November 2024 legislation granted NSW Fair Trading increased enforcement and regulatory powers in relation to some existing disclosure requirements of strata managing agents. These measures are
Emerging Legal Changes in NSW Strata Read More »
Readers may have seen the recent by Four Corners (ABC News) episode focused on alleged unethical business practices by some in the strata management industry. Strata Sense continues to welcome the spotlight being shone on such practices. We are here to provide a service to be proud of. We believe in transparency and ethical business
Further Update by Strata Sense on Unethical Industry Business Practices Read More »
It’s been a busy start to the year for strata managers, as reform after reform is introduced that concern strata living. Although inflation may have peaked, owners corporations with their annual budgeting cycles are often feeling the pinch more than anyone come AGM time. Here’s a round-up of what’s happening in the world of apartment
Changes in the World of Strata Ownership Read More »
Readers may have seen an article recently on ABC News decrying unethical business practices in a large strata management firm. Sadly, such practices are well known in the industry and are more common than most consumers would expect. Strata Sense welcomes the spotlight being shone on such practices. We are here to provide a service
Strata Sense on Unethical Industry Business Practices Read More »
Insurance premiums for your strata plan putting the pressure on? Seeing increases of 20% or more per annum? Wondering why you are only able to get one renewal quote each year? There is no doubt that the placement of insurances for strata schemes has been getting progressively more difficult over the last few years, and
What’s happening in the insurance market right now? Read More »
Tired of your strata manager not getting back to you, getting back to you with unhelpful responses, or (worst still) not even knowing who your appointed strata manager is from week to week? It might be time to review your strata management arrangements to ensure that your most important investment is being well looked after
A GUIDE TO CHANGE STRATA MANAGERS Read More »
Throughout 2022, deadlines came and deadlines went for the registration of strata scheme details with a new online portal called “Strata Hub”. Eventually, the government landed on a deadline for registration of 31 December for existing schemes, though this deadline was on the explicit basis that no fines would apply for failure to register until
On Wednesday, 11 November 2020, the NSW Government approved the extension of the COVID-19 emergency provisions passed by the NSW Parliament amending the Strata Schemes Management Act 2015 and the Community Land Management Act 1989. The Government has extended these provisions for the maximum allowable period up to Thursday, 13 May 2021. These regulations continue as currently drafted and
Extension to COVID-19 Emergency Provisions Read More »
