New South Wales Archives - SSKB - Strata Managers | Community Experts
2019 strata year in review

2019 Strata Year in Review

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The Strata industry is constantly evolving to streamline processes and improve legislation. 2019 has seen many changes to the industry with more changes set to occur in 2020. Each state in Australia is governed by different legislation. While the year was heavily flooded with legislation

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Opal Towers apartment sale

Opal Towers Apartment Sale

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It has been almost one year since residents were evacuated from their homes at Opal Tower due to cracks appearing in the walls of the building. Owners have been feeling the final stress of owning an apartment in the Opal Tower. Not only are the

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Being a client of SSKB means you get more than just a Community Manager

Being a Client of SSKB Means You Get More Than Just a Community Manager

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Clients of SSKB get access to the SSKB Invoice Hub. The Invoice Hub is an online approval system that allows Committees access to pending invoices 24 hours a day. It puts in place a system where multiple Committee members need to approve a payment before it

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Strata Q&A

Strata Q&A

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The terminology and legislation that comes with Strata living is something that not everyone understands or even comes across until we purchase into a Strata property. The SSKB team has created a FAQ to answer some of our most frequently asked questions by unit owners.

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Balcony Safety Fears

Balcony Safety Fears

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On Christmas Eve 2018, residents of Sydney’s Opal Tower were forced to evacuate from their homes due to cracking appearing in the structure of the building. Since then, the media has been highlighting defects within the Strata industry, with Opal Tower being the next big

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How to buy into Strata in the 2019 landscape

How to buy into Strata in the 2019 landscape

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Buying a new home or investment property requires careful consideration. Whether you are considering purchasing a house, apartment or townhouse, you should allow the same amount of consideration for each. There are many perks to living in a Strata property. From the sense of community,

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Strata collective sales - NSW

Strata Collective Sales – NSW

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A landmark court decision ordered the sale of a Sydney building following the option to approve Strata collective sales with the support from three-quarters of the building’s owners. The Strata Schemes Development Act 2016 made this first ever court-ordered collective sale possible. The legislation allowed

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Record keeping in Strata

Record Keeping in Strata

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A potential buyer of a unit within a block in Moore Park in Sydney undertook an inspection of Strata documents in 2015. The records that were found were described as “terrible”. Has this happened to you and is this an isolated incident? A buyers agent

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Opal Towers Class Action

Opal Towers – Class action

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Residents of Sydney’s Opal Tower have launched a class action against the New South Wales state government. It has been more than 7 months since residents were evacuated from their homes. Documents lodged with the NSW Supreme Court last Friday revealed that owners of the

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What to Look For in a Manager

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Every property is unique and can be run differently by each Committee. However, there are some attributes that your Community Manager should ideally have to ensure your scheme runs smoothly. The role of a Community Manager is to support Committees and ultimately your Body Corporate/Owners

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Mascot Towers Update

Mascot Towers – Update

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Last Sunday it was announced by the state government that they would fund a multi-million dollar emergency assistance package until the liability of Mascot Towers can be determined. The package also offers interest free loans to residents of up to $400 per night to assist

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Mascot Towers Defect

Mascot Towers Defect

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It has been one week since residents of the Mascot Towers building located in the south of Sydney were forced to evacuate. The evacuation was sparked by major cracks appearing in the beams of the building. Access for owners and residents Following the sudden evacuation,

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NSW Resident Dispute Leads to $120,000 For The Chairperson of the Strata Committee

NSW Resident Dispute Leads to $120,000 For The Chairperson of The Strata Committee

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The story below was published by The Sydney Morning Herald on 22 May. It refers to an owners dispute that has had real and financial consequences for the parties involved. It is a timely reminder that strata communities do not exist in isolation to those

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Financial Obligations

Financial Obligations

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Under Australian Tax Law, your strata property must fulfill certain financial obligations. Tax returns Australian Tax Law requires that bodies corporate lodge a tax return for their assessable income in the financial year. The rate and threshold of taxation applied to bodies corporate is the

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Your Role as an Owner

Your Role as an Owner

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The four fundamental responsibilities of an owners may be categorized as follows. An owner must- Abide by the Body Corporate and Community management Act, the regulation module and the by-laws Ensure their details are on the Body Corporate roll Maintain their lot and any exclusive

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