Will owners corporations be required to report additional information in the future?
Yes. The Strata Hub is being delivered in phases. In July 2021, the digitised Strata Building Bond and Inspections Scheme was launched as part of the first phase.
This consultation is to support the next phase by proposing reporting requirements for the 83,000 plus strata schemes across NSW. These changes will increase transparency and accountability in the sector by providing up-to-date data on how schemes are being run, while also making communication easier and quicker.