The deadline for strata schemes across the State to lodge their first report with Fair Trading through the NSW Strata Hub is fast approaching, with the requirement for key management, building and contact information to be provided by 31 December 2022.
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.
"
