Post-October 2026 Legislative Status: Two-lot schemes are formally exempt from annual Strata Hub reporting and fee requirements. Under Section 7A, traditional physical general meetings are replaced by a streamlined written resolution system, eliminating the mandatory requirement to hold formal AGMs or elect a traditional strata committee.

1. The Financial Reality

In a two-lot scheme, shared expenses are only split two ways, typically on a strict 50/50 basis. This means major structural maintenance items (such as replacing a roof, external rendering, boundary fences, or shared driveway damage) impose a much higher individual financial burden than they would in a large multi-storey complex.

Prospective buyers shoul review the strata body corporate records prior to entering into a contract to establish whether expensive capital works are pending, and verify if a sufficient Capital Works Fund exists to absorb those costs. If records are non-existent, a pre-purchase building inspection should be obtained to identify any structural common property issues.

2. Insurance Rules & The Invalidation Trap

Under Section 160(4), individual lot owners can only obtain independent building insurance policies and opt out of a joint owners corporation building policy if the two lots are entirely physically detached, no part of the structures sits on common property, and a unanimous written resolution is executed on title.

NOTE: Operating a self-managed two-lot strata scheme with zero formal records, missing meeting minutes, or un-documented insurance decisions can potentially invalidate your building insurance premiums if an insurable disaster or public liability claim occurs.

3. The Mandatory "All Owners Sign" Protocol

To make legally binding decisions under Section 7A without holding meetings, a strict written consensus framework applies. All new strata records generated after 11 June 2024 must be stored digitally and retained for a minimum of 7 years.

• Joint Ownership: If a lot is jointly owned by a couple or co-investors, a single partner cannot sign unilaterally. Every individual registered on title must sign.


• Unanimous Execution: To avoid future structural or financial disputes during a property sale, every owner across BOTH Lot 1 and Lot 2 must sign every written resolution.


• Digital Audit Trails: If executing written agreements via platforms like DocuSign, the formal Certificate of Completion detailing timestamp records and IP verifications must be permanently archived alongside the signed document.