CRM Brokers wishes you and your family a very Merry Christmas and we look forward to seeing you in the New Year CRM Brokers offices are business as usual until 5pm Friday 21st of December 2018, when we will close for Christmas and New Year's Eve. Our...

Notifiable Data Breaches July-September 2018 report released The Office of the Australian Information Commissioner (OAIC) released its latest quarterly report on the Notifiable Data Breaches (NDB) scheme. It shows 245 data breaches affecting personal information were notified to individuals and the OAIC between July and September 2018. The...

Water Damage Can Be Avoided Managing common claims and understanding the Owners Committee’s responsibility can be complex. Did you know that water damage is one of the most common causes of strata claims? Many of these claims can however be avoided with a good preventative maintenance...

Are sub-contractors covered by the Professional Indemnity (PI) policy? In many Professional Indemnity policies sub-contractors themselves will not be included within the scope of cover. The Insured is typically covered for their vicarious liability due to the actions that the sub-contractors undertake on their behalf. What this...

CRM Brokers announce the 2018 Strata Services Business Award On Friday 3rd of August, the strata industry gathered together at the Four Seasons Hotel for the annual SCA (NSW) CHU Strata Community Awards. The independent judging panel commented on the number of entries and high quality of submissions...

Cyber Safety at Tax Time Tax time is not just a busy time for individuals and small businesses, but also a prime time for cybercriminals. Scammers are becoming more sophisticated, so sometimes it can be hard to know whether a message is really from the Australian Taxation...

Finalists Announced for the Strata Services Business Award This year the SCA (NSW) received a record number of entries for the CHU Strata Community Awards. The Strata Services Business Award is designed to recognise excellence in performance of Strata Services. It specifically recognises a business that has...

Are Strata Plans Eligible for Stamp Duty Exemptions? One of the most common questions we have received after the announcement of the NSW Small Business Stamp Duty Exemptions, has been whether or not strata plans are eligible. For the purposes of the Exemptions, Revenue NSW has stated that...

Rising Strata Insurance Premium - Is It Manageable? You may be aware that strata insurance premiums have started creeping up since last year. Strata insurers have advised us that market conditions and the other contributing factors such as changes in underwriting guidelines, CPI, increasing reinsurance costs and rising...

Not sure about your Building Sum Insured? We often discuss the importance of having the correct Building Sum Insured on your insurance policy, and understand that obtaining a professional valuation every year may not be feasible. Determining the level of insurance required for a property can be...

Home Building Amendment (Cladding) Regulation 2018 The NSW Government released the Home Building Amendment (Cladding) Regulation 2018 on April 20. The Amendment inserts a new Clause (69A Major defect in building—external cladding) which updates the definition of "major defect" in section 18E (4) of the Home Building Act 1989 (NSW)...

Is it time to review your cover limits? CRM Brokers would like to remind the Owners Corporation how important it is at each renewal to ensure the Sum Insured they select complies with section 161 of the Strata Management Act 2015 and clause 39 of the...