The Strata Titles Amendment Act, which came into effect on May 1st 2020, specifies that all strata records may now be stored electronically.
This means Strata Companies and strata management companies will be required to develop a streamline process to execute documents both electronically and in hard copy form when required. Strata Companies must also ensure an electronic mechanism (such as email) is reasonably available so they can communicate with strata members and owners.
No more minute books and less paper is a step in the right direction for the environment too!
Common sealed documents may also be provided in electronic form. This means we will be able to email or fax by-law changes to Landgate on behalf of the strata companies instead of posting original copies in the mail.
A further benefit of this is that when owners submit a request to view the records of the strata company, these documents will be provided electronically.
Records and Correspondence is Part 8 Strata Company Division 1 Functions, Subdivision 5 Records & Correspondence Sections 104- 106
