New process for lodgement of strata building bonds NSW Fair Trading has provided an update on the new process for lodgement of strata building bonds. Starting 1 September 2020, there is a new process for the lodgement of the 2% strata building bond. Lodgement is to be...
Voluntary Workers: At A Glance Even before COVID-19 impacted us all, Owners Corporations would be, from time-to-time, looking for ways to save some money. This often was in the form of residents volunteering to complete simple tasks around the property. Lately, we have received an increased number...
On 11 June 2020 new legislation came in force aimed at improving regulation in the residential building industry. The legislation has far-reaching implications and will impose new obligations on builders, developers, designers, product manufacturers & suppliers, certifiers, installers, sub-contractors, supervisors, etc; particularly in regards to...
Nominations have now re-opened for the Strata Services Business Award CRM Brokers is pleased to continue our sponsorship of the Strata Services Business Award. This year the SCA (NSW) Strata Community CHU Awards has been rescheduled and combined with the Convention. The Strata Services Business Award is...
Why Claims Matter to Brokers Many insurance brokerages say they understand the importance of having a prompt and efficient claims service. Then, a major loss occurs and reality kicks in. The broker’s claims team become distracted and are busy coping with a high volume of new,...
Finity Insurance Market Report - May 2020 We are pleased to share with you the third edition of the Finity Insurance Market Report, which has been produced exclusively for the Steadfast broker network by Finity Consulting. This report provides an update on the Australian insurance market with...
General advice on temporary business closures during COVID-19 With many COVID-19 government restrictions now in place, we recognise the challenges faced by our clients as buildings are forced to either close or operate in a limited capacity into the foreseeable future. From a risk management perspective, Zurich...
Christian Lingga discusses the importance of disclosure at the Safe Cladding, Buildings and Façade Innovation Summit On 26th of February, an insurance panel hosted as part of the Safe Cladding, Buildings and Façade Innovation Summit in Sydney. The panel, titled; "The current landscape for insurance of the...
Frequently Asked Questions: Strata Insurance Major Loss During the recent catastrophic weather events, our claims team received a range of important questions from strata managers and lot owners. We have compiled these into a list of Frequently Asked Questions and a Summary of Additional Benefits table that...
Christian Lingga announced as a speaker at the Safe Buildings and Defects Management Summit From cracking residential properties to widespread cases of combustible external cladding, building defects have become an all-too-familiar item in newspaper headlines. The extent of the problem has affected public confidence in the industry,...
CRM Brokers announce the 2019 Strata Services Business Award On Friday 26th of July, the strata industry gathered together at The Star for the annual SCA (NSW) CHU Strata Community Awards. The independent judging panel of academics and industry stakeholders were thoroughly impressed with the number of entries...
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...
Combustible cladding in the headlines again As the new year kicks into gear, combustible cladding remains firmly in the headlines after a fire at a Spencer Street residential tower on Monday 4th of February. Melbourne's Metropolitan Fire Brigade reported that combustible cladding was the "main contributor" to...
The most common and costly landlord insurance claims QBE Insurance has revealed that severe weather and leaky pipes are the biggest headaches for Australian landlords and are the cause of far more insurance claims than tenants failing to pay the rent. Storm and flood claims account for 34...
Fallout from the NSW Hailstorms The Insurance Council of Australia declared the December 20 storms a catastrophe, with over 25,000 claims totaling $125 million, received in the first 48 hours after the event. This was the fifth catastrophe declared in 2018 by the Insurance Council. In March,...
What is combustible cladding? Certain types of cladding can burn rapidly if it catches alight. Problems with metal composite panels and insulated cladding systems relate mainly to multi-storey buildings because of the potential for rapid fire spread via the external areas of the building. These products...
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...
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...
Fire Risks and Aluminium Composite Panel (ACP) In recent years, there have been several incidents, both locally and internationally, that have brought the use of ACP (aluminium composite panels) into the public spotlight. The Lacrosse Building in Docklands Victoria and the Grenfell Tower in London have...
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...