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Strata News

Please feel free to download – and share – the materials posted here.
We will keep adding materials that are topical and of interest for people in the strata community. As we all know, this is a complex environment with changing needs and regulatory obligations.

Lithium-ion battery fire with flames and smoke showing fire hazard in strata building
Understanding and Managing Lithium-Ion Battery Risks

Lithium-ion batteries are increasingly common in our homes, powering everything from phones and laptops to e-scooters and power tools. While…

Modern open-plan strata apartment interior with living and dining areas
Strata Living Made Easy: The Essential Guide for Residents

As the demand for housing in urban areas increases, strata living has become a popular option, especially for those looking to buy or rent…

Building under construction with scaffolding and green safety netting showing major repair work
Are Owners Corporations Effectively Managing Repairs and Maintenance?

The devastating effects of ignoring building repairs was highlighted to the world on 24 June 2021 with the partial collapse of the Champlain Towers…

Palm trees bending in severe cyclone winds demonstrating storm damage risk
Cyclone Reinsurance Pool

Strata Community Insurance to enter Cyclone Reinsurance Pool In response to insurance affordability concerns in Northern Australia, the Australian…

Silhouette of person standing in damaged building showing property devaluation concern
Section 11 – Loss of Lot Market Value

What happens if your scheme cannot be reinstated? If you’re like millions of other Australians, you will have a large amount of your net worth…

Emergency response vehicles with flashing lights representing NSW emergency services funding
NSW Emergency Services Levy Price Comparison Changes

Effective 1 July 2019, new obligations commence in NSW requiring the provision of year on year price comparisons with insurance renewal…

Crowded public space showing terrorism risk exposure for mixed-use strata buildings
Terrorism Levy Changes

Terrorism Levy Changes by Strata Community Insurance | Jun 6, 2017 | Strata News For all news business and renewals effective 1st July, 2017 insureds will be liable to pay terrorism levies, if their scheme meets the Australian Reinsurance Pool Corporation (ARPC) criteria. In short, some mixed-use commercial and residential strata buildings will see new terrorism levies of up to

Structural crack in concrete requiring professional defect assessment and repair management
Building Defects, Maintenance & Insurance

Building Defects, Maintenance & Insurance by Strata Community Insurance | Feb 8, 2017 | Strata News Professionally managing Defects and Maintenance & Repairs now take up a considerable portion of Strata Manager’s time, at an increasing cost to Owners [1]. Strata Community Insurance held an educational forum on this topic around the country during November 2016, with some 300+ attendees.