The WA Strata Magazine June 2024

About the June 2024 edition

The June 2024 edition of The WA Strata Magazine focuses heavily on insurance disclosure, inflation impacts on coverage adequacy, and financial accountability within Western Australian strata schemes. Articles address insurance commission disclosure obligations, inflation-driven underinsurance risks, accurate property valuation, water valve maintenance responsibility, and the strata company's ability to prevent owner claims. Governance and legal pieces cover power board upgrade responsibility, tenant access to resident facilities, over-55s complex residency rules, trust account interest obligations, and the process for handling owners who bypass official repair procedures.

  • Planning Major Works – What gets you the best return? – Lannock Strata Finance 
  • Our project manager has never inspected the site – Edwina Feilen and Bruce McKenzie, Sedgwick 
  • Can the strata company prevent owners from making a claim? – Tyrone Shandiman, Strata Insurance Solutions 
  • Strata manager will not disclose their insurance commission – Carolyn Meighan, Bugden Allen Graham Lawyers 
  • Disclosure and your strata insurance policy – Leonie Milonas, Lync Insurance Brokers 
  • Have inflation fluctuations caused more cases of over or underinsurance? – Zac Gleeson, GQS 
  • Realmark Strata's new tech integration boosting efficiency and communication – Luke Downie, Realmark Strata 
  • Who is responsible for upgrading our power board? – Damien Moran, Energy-Tec 
  • Can an owner who rents their apartment use resident facilities? – Melanie Duryea, B Strata 
  • An owner bypassed the strata repair process and now wants reimbursement. Should we refuse to pay? – Jamie Horner, Empire Estate Agents 
  • Cultivating a culture: Empowerment and resilience in strata management teams – ESM Strata 
  • Is your property accurately insured? – Rawlinsons WA | Trust accounts, pooled accounts and interest – Jamie Horner, Empire Estate Agents 
  • Providing easy access to the electricity box – ESM Strata 
  • Are owners responsible for maintaining water valves? – Tyrone Shandiman, Strata Insurance Solutions 
  • Underage people living and staying in an over-55s complex – Jason O'Meara, McWilliams Davis Lawyers 
  • Understanding Strata Insurance Disclosure – Strata Community Association (WA)

June 2024 WA Strata Magazine Authors

Tyrone Shandiman
Strata Insurance Solutions
Carolyn Meighan
Bugden Allen
Lync Insurance Brokers
Luke Downie
WA Strata Consultant
Damien Moran
EnergyTec
Jamie Horner
Empire Estate Agents
Jason O’Meara
McWilliams Davis Lawyers

Previous WA editions