Answer 7 quick questions. We'll show you exactly where you stand — and what it means if you're not.
Takes about 2 minutes · No personal details required
1
Is your strata plan registered on Strata Hub?
⚠️ Registration is mandatory under the Strata Schemes Management Act 2015. NSW Fair Trading can issue penalty notices for non-compliance — and it's one of the first things checked at a property sale.
2
Do you have a current 10-year Capital Works Fund plan?
⚠️ All schemes must maintain a Capital Works Fund plan regardless of size. Without one you may be underfunding — leaving owners exposed to sudden large special levies when major work is needed.
3
Do you hold an Annual General Meeting (AGM) every year?
⚠️ An AGM must be held within 2 months of the financial year end. Failing to do so breaches the Act. Any levy decisions made without a valid AGM can be challenged by owners.
4
Do you prepare annual financial statements for the scheme?
⚠️ Financial statements must be presented at the AGM and kept as part of the strata records. Missing this is one of the most common compliance gaps flagged by Fair Trading.
5
Are your strata records kept electronically and accessible to all owners?
⚠️ Owners have a legal right to inspect strata records. Paper-only records stored at someone's house don't meet the standard — and create real risk when ownership changes or disputes arise.
6
Have your by-laws been reviewed or updated in the last 5 years?
⚠️ Outdated by-laws can be unenforceable and create disputes. Legislative changes in 2016 mean many older by-laws no longer reflect what owners can actually require of each other.
7
Is your strata roll up to date with current owner details?
⚠️ The strata roll is the legal record of who owns what. An out-of-date roll means levy notices go to the wrong people and important documents miss owners — creating legal exposure for the Owners Corporation.