- Hub will consolidate core info about NSW 82,000 strata schemes in one place
- Information collected during the construction phase will be stored in the system
- Hub will allow regulators to monitor maintenance
Kevin Anderson, the New South Wales Minister for Better Regulation and Innovation, has announced the Government will open consultation on a proposed centralised digital strata hub.
The hub is being designed in response to the transformation of the construction and building sector into a more customer-centric and transparent industry.
In particular, the hub will consolidate information about NSW’s 82,000 strata schemes in one place.
Mr Anderson believes this will benefit all the stakeholders of a strata scheme – including those who build it, remarking that information gathered during the construction phase will be placed into the system.
“In the last twelve months we have delivered landmark reforms that give homeowners peace of mind that they are buying a safe and expertly designed apartment, protected by strong and modernised laws,” Mr Anderson said.
“The next step is to ensure well-built properties continue to be maintained and managed successfully, to ensure we have a safe and strong strata sector in NSW.”
Another side-effect of the proposed hub is to allow regulators to monitor each strata building was a way of ensuring maintenance is not neglected.
Under legislation – which is yet to be passed – owners corporations must report certain information such as annual fire safety statements, address for service of notices along with litigation relating to defects and contact details for the strata scheme.
This includes managing the building defect bond which pays fir any defects found within the first 24 months of the completion of a building.
“Whether you are a strata owner, occupier or prospective buyer, we want to make your life easier by making all the information relevant to your scheme available on one easy-to-use platform,” said Victor Dominello, the Minister for Customer Service.
“This is about using technology to help strata communities and prospective buyers to make more informed decisions about their future.”