This unit of competency specifies the skills and knowledge required to identify and analyse potential risks to ensure safe and effective strata community management and compliance with regulatory requirements. It includes establishing terms of reference, developing an effective action plan and structure for risk analysis and assessment, assessing the level of potential risk against agreed assessment criteria and documenting the findings.

This unit is suitable for strata community managers who apply a broad range of skills and knowledge to complete routine and non-routine tasks and deal with predictable and sometimes unpredictable problems. Strata community managers may also be known as strata managers, owners’ corporation managers or body corporate managers depending on the jurisdiction of operation.

Licensing, legislative, regulatory or certification requirements apply to strata community management in some states and territories. For further information, check with the relevant regulatory authority.