How two-lot schemes can easily report each year

Most of the information you will need to complete your reporting each year will be part of your AGM documents, including the financial statements. 

Remember, all strata schemes including two-lot schemes must report each year within 3 months of holding their annual general meeting (AGM). You must also keep clear and up-to-date records. This rule also applies to all two-lot schemes. 

If you’re unsure how to hold an AGM, you can read our Simple guide to holding an AGM in a two-lot scheme. This article will also help you make sense of strata annual reporting for your two-lot scheme. For example, some two-lot schemes don’t need insurance coverage for the whole complex. If so, you can simply select ‘scheme is exempt’ when you report. 
 

What do I need to do to report?

Follow these simple steps to complete reporting each year:

1. Log in to the Strata Hub. Select ‘Start annual reporting’ and enter the date of the AGM that was held.
2. Check the pre-filled information and provide updates. Update anything that has changed, such as contact details and emergency contacts. Enter the financial and building information as required.
3. Read and agree to the ‘Declaration’. We’d love to hear your ideas and feedback, you can now provide this on the Strata Hub once you’ve completed the declaration.
4. Pay the $3 per lot fee by credit or debit card, PayPal, PayID or BPay. 

Common questions

I’ve sold my property in a two-lot scheme, what do I do?

If you reported on behalf of your two-lot scheme but have since sold your unit, there are steps you need to take to remove your contact details from the Strata Hub:

1. Get in contact with the other owner(s) to get agreement on who will take your place as the contact on the Strata Hub.
2. Follow the steps on how to update reported information and update the contact details on the Strata Hub. 

How do I report our self-managed scheme for the first time?

If your scheme does not have a strata manager, refer to our article on streamlining reporting for self-managed schemes. It will guide you through what information you need to gather and where to find it.

Once your self-managed scheme has completed their first strata report, your next annual report will be simple as most of the details will be pre-filled.

What if I can't complete my strata annual reporting online?

If you do not have access to a computer or digital device, you can visit your nearest Service NSW centre to use one of our digital assist kiosks. Alternatively, you can pick up and complete a paper form.

Make sure you have all the essential documentation ready before you visit Service NSW.

If you require assistance to report your strata scheme, please contact us on 13 32 20.

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