Currently, a strata manager and the company they work for have unlimited civil liability.

The PSS limits civil liability to $750,000. This means that if a member is litigated for professional negligence, the courts cannot award a judgment, in most circumstances, above this figure.

The reality is that over the past 10 years, there have been very few claims against strata managers. NSW Fair Trading requires a strata management company to have a minimum of $1M in Professional Liability Insurance. But this is insurance, not a cap on liability.