Insurance for the common property of an owners Corporation. The why, what and how – DEAKIN University report

What the SCANSIT insurance report launch has achieved

Deakin university has done a comprehensive review and documentation of the why, what and how of insurance for owners corporation. This is a very comprehensive report that shows the different models used to place insurance for Owners corporation across Australia and New Zealand. It also explains why the owners corporations management firms receive part of the commission and details the amount of services provided by the owners corporation management firm in and around the placement of insurance. If you live in an owners corporation, this is a must read article.

This report was instigated by the SCA – Strata Community Australasia, the peak body for all things strata/owners corporations/body corporate. SCA formed a panel, the insurance task force, hence SCANSIT, to address the issues that face insurance for Owners Corporations in the far north of Australia. Various government agencies have delved into this issue, SCA needed to get the attention of Government, to help government understand the unique challenges faced with regard to insurance placement by Owners Corporations.

Strata Management Service : Adapting to the future

Services

Media Articles

The Deakin University report – above, has lead to the following media articles:

Insurance News : Article on how much taxes make up of strata premiums
Insurance Business Magazine : Report on how spiralling costs of strata insurance
The Property Tribune : Strata Managers provide 47 individual strata insurance services
Look Up Strata : New National data insights from strata insurance report
Real Estate Business : Industry body push to abolish strata insurance stamp duty
Smart Property Investment : New report reveals skyrocketing cos of strata insurance

Smart Strata : Insurance report confirming 47 critical industry functions

The West Australian (paper) :

  • South Western Times
  • Midwest Times
  • Pilbara News
  • Manjimup Bridgetown Times
  • Great Southern Herald
  • Broome Advertiser

ABC Regional Queensland Drive
Interview with James Nickless, SCA (Qld) President. Interview was played simultaneously across :

  • ABC North West Queensland
  • ABC Far North Queensland
  • ABC Capricornia
  • ABC North Queensland
  • ABC Western Queensland

To watch visit https://www.abc.net.au/radio/northqld/programs/north-qld-drive/drive/13526586 Press play and go to Time Mark: 1:47:46 by using the scroll bar at the bottom of the media player to get the start of the interview with James.

  • ABC Tropical North (pre-record for today’s show) – Interview with James Nickless, SCA (Qld) President
  • ABC Kimberley – Interview with Andrew Chambers, SCA National President
  • The Cairns Post – Paywall article