Disclosure Guide - Strata Community Association (NSW)

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Disclosure Guide

The ‘Strata Insurance Disclosure Best Practice Guide’ sets out necessary and critical changes to how SCA members disclose strata insurance practices.

As a strata manager member of SCA NSW, you must adhere to the Insurance Disclosure guidelines as of 1^st July 2024.

Countdown to Implementation

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3 Principals of Best Practice Strata Insurance Disclosure

Disclosure

The disclosure of the eight (8) financial items of each strata insurance placement.

Document

Strata committees understand their choices, options, and fee breakdowns as they relate to their insurance policy.

Communication

Strata committees receive clear, timely, accurate information about their insurance policy.

Resources

To help you implement the disclosure requirements we’ve created the following pack of templates – quote, email and motions.

We’ve also created a few additional guides to help you explain the guidelines to your team, committees and owners corporations.

Implementation Webinar