Liability Insurance :: News
SHARE

Share this news item!

NSW Strengthens Strata Laws to Safeguard Communities

New Reforms Aim to Enhance Governance and Protect Owners

NSW Strengthens Strata Laws to Safeguard Communities?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The New South Wales Government has initiated a series of reforms to the state's strata laws, aiming to bolster transparency and accountability within strata communities.
These changes come in the wake of significant fraud incidents that have raised concerns about the governance standards in strata schemes.

In April 2026, the government introduced the latest phase of its ongoing program to modernise strata regulations. This initiative seeks to provide greater confidence to residents living in strata properties by implementing stronger protections against fraudulent activities and enhancing the oversight of strata managers.

A notable case that underscored the need for these reforms involved a former strata manager in Coffs Harbour, who allegedly misappropriated over $2 million from multiple strata scheme accounts. An investigation by NSW Fair Trading revealed 398 fraudulent transactions affecting 66 strata plans between February and December 2024. Consequently, the individual's licence was cancelled, and they were permanently disqualified from the property and strata industry in NSW.

To prevent such incidents in the future, the government has allocated $8.4 million to establish a dedicated Strata and Property Services Taskforce. This taskforce is responsible for enforcing compliance, conducting unannounced inspections, and addressing misconduct within the industry. Additionally, a 'Name and Shame' register has been introduced to publicly identify agents facing disciplinary action, enabling property owners to make informed decisions when selecting strata professionals.

These reforms are part of a broader effort to enhance the governance and accountability of strata schemes across New South Wales. By implementing stricter regulations and oversight mechanisms, the government aims to protect the interests of property owners and ensure the integrity of strata communities.

Published:Monday, 8th Jun 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

NSW Strengthens Strata Laws to Safeguard Communities
NSW Strengthens Strata Laws to Safeguard Communities
08 Jun 2026: Paige Estritori
The New South Wales Government has initiated a series of reforms to the state's strata laws, aiming to bolster transparency and accountability within strata communities. These changes come in the wake of significant fraud incidents that have raised concerns about the governance standards in strata schemes. - read more
CHU Enhances Strata Insurance with Cyber Fraud Protection
CHU Enhances Strata Insurance with Cyber Fraud Protection
08 Jun 2026: Paige Estritori
In response to the escalating digital threats facing strata communities, CHU Underwriting Agencies has integrated cyber fraud coverage into its standard residential strata insurance policies. This enhancement provides up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions. - read more
CHU More Than Doubles Strata Insurance Capacity
CHU More Than Doubles Strata Insurance Capacity
08 Jun 2026: Paige Estritori
CHU, Australia's leading strata insurance underwriting agency, has significantly increased its capacity to insure larger residential and commercial strata developments. The company has raised its maximum single risk capacity from $300 million to $690 million, more than doubling its previous limit. - read more
ACCC Halts IAG's Bid to Acquire RAC Insurance
ACCC Halts IAG's Bid to Acquire RAC Insurance
08 Jun 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has recently opposed the proposed acquisition of RAC Insurance by Insurance Australia Group (IAG). This decision stems from concerns that the merger could significantly reduce competition in Western Australia's insurance market, potentially leading to higher premiums for consumers. - read more


Business Insurance Articles

Public Liability Insurance Claims: What to Expect and How to Prepare
Public Liability Insurance Claims: What to Expect and How to Prepare
When it comes to navigating the complex waters of insurance, understanding public liability insurance claims is crucial for businesses and individuals alike. Public liability insurance serves as a safeguard, protecting against the financial repercussions that arise from accidents or injuries that occur on your premises or through your operations. In this introductory section, we will delve into the essence of public liability insurance and underline its significance. - read more
The Top 5 Risks Small Businesses Face and How to Mitigate Them
The Top 5 Risks Small Businesses Face and How to Mitigate Them
Running a small business can be both rewarding and challenging. One of the key challenges is the variety of risks that can arise unexpectedly. These risks can range from financial uncertainties to operational hiccups, each potentially impacting your business's success. Understanding these risks and preparing for them is crucial for the longevity and sustainability of any small enterprise. - read more
Critical Risk Management Strategies for Every Australian Tradesman
Critical Risk Management Strategies for Every Australian Tradesman
Welcome to the crucial world of risk management for Australian tradesmen. Whether you're a seasoned professional or just starting, understanding and mitigating the inherent risks in the trades industry is paramount to both the safety and sustainability of your business. This article intends to guide you through the world of risk management, emphasizing the pivotal role of liability insurance. - read more
How to Choose the Right Public Liability Insurance for Your Business
How to Choose the Right Public Liability Insurance for Your Business
Public liability insurance is a key consideration for business owners in Australia. This type of insurance helps protect businesses against claims made by third parties for injuries or property damage. But what exactly does it do? In simple terms, public liability insurance covers legal costs and expenses, as well as any damages awarded, if your business is found liable for an incident. - read more


Start Here !
Start here!
Cover Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.


Knowledgebase
Subrogation:
The process by which an insurance company seeks to recover the amount paid to the policyholder from a third party responsible for the loss.