What’s in store? In 2024, the world of strata is looking to be a lot like 2023: While the above features roll on into 2024, we also expect to see: Premium predictions While we don’t have a crystal ball, the market indicates that premiums will increase between 10% to 15%
Aluminium Cladding – FAQs for Strata Managers
Since the 2014 Lacrosse building fire in Melbourne, there has been heated debate, publicity and extensive enquiries with respect to non-compliant Aluminium Composite Panels (ACPs) in strata property developments. The notorious Grenfell Tower fire in London, 2017 perpetuated this further, sending authorities and occupants of multi-level buildings into a panicked
Terrorism Insurance Act: Strata Insurance Levy Changes
From July 1, 2017, some residential Strata Insurance policies will experience significant total premium changes as a result of amendments to the Terrorism Insurance Act 2003 (Cth). The changes apply Australia wide, and relate to the introduction of a Terrorism Levy. What are the changes? Property types eligible for insurance
Strata Law Reform in NSW: Insurance
With the most significant Strata Law Reform* package in decades passing the NSW Parliament, it is essential that as a Strata Manager, you understand how these changes are going to impact the duties and obligations you have to your clients come November 30, 2016. While many of the new laws affecting