Understanding the financial responsibilities of owning property within a strata scheme is essential for every strata committee member, owner, or prospective buyer. With the evolving legislative landscape in New South Wales — particularly following recent reforms aimed at improving transparency, accountability, and the long-term sustainability of strata communities — it is more important than ever to have a clear grasp of how strata expenses are structured, why they exist, and how they are funded.     Read the article…………………………….