Section 108, Australian Strata Searches

Sections of our report:

• What is a Strata Inspection?
• Official Strata Plan Documents File
• Harmony, Notices and Orders
• Insurance
• Maintenance Levies & Financials Section
• Proposed Major Expenditure & Paid Invoices Section
• Other Matters

Strata Schemes Management Act (NSW) 1996

Section 108 of The Strata Schemes Management Act 1996 (NSW) allows for the inspection of the records of an owner's corporation records by an authorised person.

Section 108 Strata Searches utilises this section of The Strata Schemes Management Act to provide our clients with a professional service that ensures confidence when purchasing a strata lot.

Proposed Major Expenditure and Repairs

Proposed Major Expenditure

This section report on evidence of Proposed Major Expenditure sighted in the records of the Owners Corporation made available by the Strata Managing Agent at the time of the inspection. Evidence may include*:

• Quotes obtained by the Owners Corporation
• Fire Orders issued by Local Council for the rectification of Fire Safety
• Expert Reports including Building Defects Reports, Dilapidation report, Structural Engineering reports and Termite Reports
• Correspondence between the Executive Committee, Lot Owners, Residents or the Strata Managers
• Work Orders issued by the Strata Managing Agent or Executive Committee
• Insurance Claims History listing Insurance claims lodged for repairs
• Paid Invoices

*Please note that this is not a definitive list of evidence sighted.

See a sample of the Major Expenditure Section»

Paid Invoices Section

This section reports on paid invoices over $1000 sighted for repairs undertaken by the Owners Corporation going back three years (*where available) .

We have split this section into three catergories:

• Structure
• Plumbing
• Water Penetration

This allows identification of major expenditure that has been undertaken in the last 3 years. Common examples of this may include the painting of the interior or exterior of the building, the replacement of major parts of the building including the roof, access control systems and carpets/surfaces. This section also identifies recurring repairs that have been undertaken by the Owners Corporation in the past 3 years.

See a sample of the Repairs Section»

Next: Other Matters »