1 April 2021
Strata Managers as Fiduciaries
A paper by Gary Bugden OAM. April 2021. Preliminaries 1. Coverage In this paper I will consider: what we mean by a “fiduciary”; how to determine if a fiduciary relationship…
The new strata titles legislation in WA that took effect from 1 May 2020 introduced the requirement for strata managers to lodge a periodic return to Landgate.
Strata managers are required to report the following information on the form:
Items 5 and 6 are voluntary, while the information that strata managers must provide in items 1-4 is compulsory.
The first return is due by 31 March 2022. The information to be provided in the return is required to cover the period of 1 January 2021 to 31 December 2021.
The purpose of these returns is to help “inform Landgate about the industry and to help government develop quality policies on matters relating to strata management and managers”.
How to lodge the return
The return is required to be lodged in the “approved form”. This approved form is titled, ‘Strata Management Provision of Information about Industry’ and is available to download from the Strata Forms page on Landgate’s corporate website.
Strata managers can submit their completed form via email to StrataTitlesActReform@landgate.wa.gov.au. We suspect (and hope) that these forms can soon be submitted electronically via an API integration between Landgate and strata manager’s technology platform.