June 2020 - More Than Strata

Strata Managers Working with Developers. Conflict Recorded.

Last month the Public Authority Committee handed to the NSW Government its report entitled  Regulation of building standards, building quality and building disputes: Final report. Youc an read it by clicking here. The report was commissioned following the Opal Tower defects incident and includes by way of evidence, testimony from hearings of the Inquiry, where … Read more

Levy debt collection during Covid-19 Recession.

It’s a big question. Proceeding with collection of levies during the Covid-19 recession. Should it occur? When should it happen? How does it occur? If a person has no income, no assets, is there any point? Should the Owners Corporation continue to collect interest on unpaid levies. The reality is there is no blanket answer … Read more

Strata managers are not financial experts. Yet right now, during a financial crisis, they are going to need to be one.

Strata Managers - More Than Strata

Strata management really is a job that requires a person to be a jack of all trades. In any one day a strata manager may have to; 1.Mediate between disputing neighbours. 2.Compare quotations for engagement of a consultant and make a recommendation. 3.Prepare a detailed meeting agenda. 4.Provide advice in relation to NBN connection. 5.Attend … Read more

Levy defaults. Calls for Government Intervention.

The Owners Corporation Network (“OCN”), the leading advocacy group in the Country for strata owners, have released a policy paper calling on the Government to assist owners who cannot pay strata levies during the Covid-19 recession.  You can access the paper here. OCN rightly point out in their paper that the residential strata sector is … Read more

The Knock-on Effects From Covid-19 Mean That Every Strata Owner Is Exposed To The Risk Of Home Loss.

While a statement like ‘you could lose your home’ may feel alarmist, the reality is  many owners will be faced with this very outcome. The profoundly negative impacts of Covid-19 on the economy will continue far after restrictions cease. As income loss puts pressure on millions of Australians, you have to ask, what happens to … Read more