New annual reporting for strata schemes
More than 1.2 million people live in strata in NSW. The NSW Government wants to introduce new annual reporting to better meet strata communities' needs and improve consumer protection.
Owners corporations would need to report and verify information each year on the NSW Government’s Strata Hub. This digital portal will centralise strata information, which is currently hard to find or unavailable.
We have drafted a proposed Strata Schemes Management Amendment (Information) Regulation. It outlines the information to be reported, who can access it, the costs and the start date.
We want to hear from people who live, own, rent, work or want to invest in strata and councils and other strata stakeholders.
Earlier this year, we consulted broadly on what people want from a Strata Hub. Once fully implemented, the hub will offer up-to-date strata information, provide key data on how schemes are being managed, and make communication easier.
New regulation asks strata schemes to provide key information
The information to be reported includes key details about the strata scheme and some building, safety and management information.
A strata managing agent can also report on behalf of the owners corporation. Reporting will take a tell us once approach, supported by pre-filled information where possible. For more details, refer to the:
- Explanatory Paper
- Strata Schemes Management Amendment (Information) Regulation 2021 (the Information Regulation).
Thank you for your feedback
This engagement is now closed. Thank you to participants who provided input. Your feedback will help ensure the regulation meets the needs of NSW strata communities.
Survey response report now available
More than 570 people completed the online survey on ‘New annual reporting for strata schemes’ between 18 October and 29 November 2021. The NSW Government has analysed the survey feedback and the key findings are presented in this summary report.
Please sign up for our newsletter to stay up-to-date with information on strata and community schemes. For more information on strata scheme reporting, visit the NSW Government strata web page.
If you have any questions after reading the materials and the FAQs, please email the Strata Policy team.