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Strata Communities Endorse Call for Enhanced Resilience Reforms

Addressing Rising Costs and Slow Recoveries in Strata Communities

Strata Communities Endorse Call for Enhanced Resilience Reforms?w=400

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Strata communities are at the forefront of Australia's resilience battle, facing escalating costs, declining coverage, and prolonged recovery periods following disasters.
Strata Community Association Australasia (SCA) has expressed strong support for the Insurance Council of Australia's (ICA) recent call for coordinated, long-term resilience reforms to protect communities from these challenges.

Joshua Baldwin, President of SCA, highlighted that economic pressures are driving up construction and repair costs, leaving households, businesses, and strata schemes struggling to rebuild after disasters. He noted that the ICA's Catastrophe Resilience Report underscores mounting insurance pressures and the growing urgency to protect communities from disaster.

Beyond climate risk, the cost of rebuilding post-disaster is being compounded by inflation, labour shortages, material costs, and housing constraints. In high-risk regions, recurring disasters are eroding resilience and deepening vulnerability.

SCA supports the ICA's call for coordinated long-term reform, advocating for greater investment in resilience infrastructure, stronger and more resilient buildings in safer locations, and the removal of insurance taxes. These measures aim to enhance the ability of strata communities to withstand and recover from disasters more effectively.

For strata property owners, this endorsement underscores the importance of proactive engagement with resilience initiatives. Collaborating with strata managers to implement risk mitigation strategies, staying informed about regulatory changes, and advocating for infrastructure improvements can contribute to the overall resilience and sustainability of strata communities.

Published:Saturday, 4th Apr 2026
Author: Paige Estritori

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Knowledgebase
Endorsement:
An amendment or addition to an existing insurance policy that changes the terms or scope of the original policy.

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