SCA (NSW) is pleased to advise that NSW Fair Trading has now provided a specialist resource to assist with the implementation of the Strata Building Bond and Inspections Scheme (SBBIS).
If you are one of the first managers to take a client through this new scheme, contact can be made directly with Melanie Schwerdt, Manager Strata Building Bond & Inspections Scheme on (02) 9895 9094 or melanie.schwerdt@finance.nsw.gov.au
Alternatively, you can call 13 32 20 (8:30am to 5pm, Monday to Friday) or email stratabond@finance.nsw.gov.au
Just to remind you, the strata building bond and inspections scheme began on 1 January 2018. It applies to building contracts executed from this date – or where there is no written contract – building work that commences from this date, to construct residential or partially-residential strata properties that are four or more storeys.
The strata building bond and inspections scheme is administered by an online portal. Developers can register to use the portal at any time before the occupation certificate is issued. Project details can be entered and documents uploaded at any time, as they become available. These documents should reflect the completed building just before any occupation certificate is issued (not the start of the build).
Eligible owners corporations should acquaint themselves with this portal in the event they need to access information.
Prior to the scheme starting we provided our members with information specifically for owners corporations and strata managers. You can also access more details online about the Strata Building Bond Scheme.