From August 2022, all strata schemes will be required to report annually to the NSW Government through a secure online portal.
According to the state government, “The new reporting requirement, for the first time, will digitally consolidate data about the state’s 83,000 strata schemes on the NSW Strata Hub. This will bring greater accountability on how strata schemes are being run.”
“People owning and living in strata will know that NSW Government and emergency services can communicate with their strata schemes quickly and directly with:
“Overall, benefits to strata communities include:
The strata scheme’s secretary or chairperson is required to submit the information. The reporting can also be delegated to the strata manager. You can register your scheme now through the Strata Hub. The NSW Government has produced a user guide to the portal.
Once you access the portal, here’s the information that needs to be completed:
You’ll also need information from the most recent annual general meeting and supporting financial documents including:
Strata schemes that have held at least one AGM must submit their first report by 31 December 2022. The bulk upload functionality for reporting on multiple strata schemes will be available from September.
From 2023, the reporting must be completed within three months of the scheme’s AGM. If the contact information changes throughout the year, the portal must be updated within 28 days of the change.
A series of webinar’s are being run for strata committee members and strata managers to help with the portal. You can register your interest online.
If you require any further information about the mandatory reporting requirements, please contact your Strata Manager at Netstrata.
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