The Strengthening BMSB (Building Maintenance and Strata Management) project was undertaken between 2003-2004 with the aim of improving the management of strata properties in New South Wales, Australia. The project was funded by the NSW Government and was a collaborative effort between the Office of Fair Trading, the Strata Titles Board, and other industry stakeholders. Here are some key points regarding the project:
- The project aimed to address the issues and challenges faced by strata property owners and managers in maintaining and managing their properties effectively.
- The project involved a comprehensive review of the existing legislation, regulations, and guidelines related to strata management in NSW.
- A key outcome of the project was the development of a set of best practice guidelines for the management of strata properties.
- These guidelines covered a wide range of issues, including building maintenance, financial management, governance, and dispute resolution.
- The guidelines were designed to provide a practical framework for strata managers and owners to improve the management of their properties and ensure compliance with relevant laws and regulations.
- The project also involved the development of training and education programs for strata managers and owners.
- These programs aimed to improve the knowledge and skills of strata managers and owners in areas such as building maintenance, financial management, and dispute resolution.
- The project also involved the establishment of a dedicated Strata Services Unit within the Office of Fair Trading.
- This unit provided information, advice, and support to strata managers and owners, as well as facilitating dispute resolution processes.
- The Strengthening BMSB project was successful in improving the management of strata properties in NSW.
- The best practice guidelines developed through the project have been widely adopted by the industry and have helped to improve the standard of strata management across the state.
- The training and education programs developed through the project have also had a positive impact, improving the knowledge and skills of strata managers and owners.
- The establishment of the Strata Services Unit has provided a valuable resource for strata managers and owners, helping to facilitate the resolution of disputes and providing guidance and support in areas such as building maintenance and financial management.
- In conclusion, the Strengthening BMSB project was a valuable initiative that has had a significant positive impact on the management of strata properties in NSW. The project has provided a framework for best practice in strata management, improved the knowledge and skills of strata managers and owners, and established a valuable resource for the industry in the form of the Strata Services Unit.