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What happens when an owners corporation (also known as a body corporate) finds that it does not have the necessary funds available to complete building works or pay for professional services and insurance?

Combustible cladding is a major issue facing residential and commercial strata properties across Australia. Buildings with combustible cladding are being required by law to rectify or face large penalties as a consequence of non-compliance. Strata owners in all states are increasingly being required by legislation to rectify the cladding and may face large penalties if they do not comply.

The NSW Government is providing eligible Owners Corporations access to a 10 year interest free loan for cladding remediation. For more information please review the Project Remediate page by selecting Learn more.

The ACT Government is offering a concessional loan to support owners corporations with the costs of remediating the cladding.
The concessional loan gives owners corporations of eligible buildings access to a low interest loan to remediate combustible cladding – this loan can be up to $15 million per owners corporation.

Levy Assist supports strata communities and Owners Corporations during these uncertain times, offering a simple and flexible solution for managing levy arrears effectively.

Discover Lannock Insurance Premium Funding - Ease the financial burden of increasing lump sum annual insurance premiums while maintaining comprehensive coverage. Benefit from flexibility, competitive rates, and no hidden fees as you manage rising insurance costs with confidence.