The strata report on a strata building that is not fully compliant with the law will ensure that the Unit is unsellable, or only sellable at a large discount. Even if you sell to a naive purchaser, they will be able to take legal action against the previous owner, if they later find the strata laws were not followed.
I’m not sure about that. I think Caveat Emptor – buyer beware – still applies. It’s different if the vendor lies about what has been done and what hasn’t. But I don’t think it’s legally or enforceably incumbent on them to offer the information to potential buyers that the building has been badly run. Only thorough and professional strata checks will do that.