NSW Fair Trading Commissioner Natasha Mann said the new reporting requirement will increase transparency, inform improvements to strata services and identify how strata schemes are being carried out.
“Having access to knowledge on the more than 84,000 schemes in NSW will facilitate better communication within strata schemes and owners, the NSW Government and emergency services during a crisis,” Ms Mann said.
“Strata schemes must complete their report this year to avoid reporting twice next year and to meet legal obligations. From June 2023, penalties may apply if reporting is not completed.
“Strata plans consisting of two lots such as units, duplexes or detached houses are included in required annual reporting, enabling the Strata Hub to deliver maximum public benefit.
“Strata Hub is an essential service for the one-in-seven NSW residents living in strata, delivering accurate and up-to-date information covering everything from keeping pets and renovating to repairs and maintenance in strata.
“More information on strata will later become available once data is entered via the Strata Hub, including the use (for example, residential, commercial or retirement village), or if a strata scheme is part of a larger community or precinct scheme.”
Much of the management information to be reported can be sourced from a plan’s annual general meeting minutes. All strata schemes are required to hold meetings, including an annual general meeting.
The secretary, chairperson or strata manager deemed responsible for making the annual report must register online using the strata portal user guide.
For step-by-step information on what your scheme needs to do, visit the NSW Government website.
To submit a report, visit the Strata Hub website.
For more information call Service NSW on 13 77 88.
