Parliamentary committee recommends stronger regulation of strata management

Supporting stronger strata governance in the ACT

As a strata management provider operating in the ACT, we support initiatives that strengthen professional standards, improve transparency, and enhance protections for lot owners. Measures that promote clearer choice and accountability across the sector are a positive step forward for owners corporations and their communities.

• The report outlines 33 recommendations aimed at improving the governance of unit titles schemes, including:
• standardised strata manager contracts and improved disclosure requirements
• greater inclusion of strata information in contracts for sale
• enhanced support for lot owners experiencing financial hardship
• training requirements for executive committee members
• adjustments to quorum thresholds
• provisions for tenant attendance at AGMs
• support for sustainability initiatives
• establishment of a Strata Commissioner to oversee the sector and assist with dispute resolution

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