Campaigners fear a $12.5 million scheme to provide grants to north Queensland body corporate managers for building assessments has been stalled by bureaucracy.

The Strata Title Inspection Scheme, announced in the 2014/15 budget, is referred to in the Northern Australia Insurance Premiums Taskforce interim report as an example of mitigation measures already under way.

“The assessments will provide better information to insurers, which will enable them to set premiums that more accurately reflect individual property risks,” the interim report says.

“This scheme is to be administered by the Queensland Government.”

But campaigners say the state has yet to receive the cash, and there is no sign of the first grant being given out.

“This could make a real difference, but I have no idea where the money is,” consumer advocate Margaret Shaw told insuranceNEWS.com.au.

Queensland’s Department of Housing and Public Works confirmed it does not have the money.

“This issue is complex and the Queensland Government understands the burden of increased costs of insurance in Far North Queensland,” a spokesman said.

“Once the plan has been developed and approved, body corporate managers will be invited to apply for grants. This is expected to occur within the coming months.

“Until the final plan is developed and approved, the $12.5 million funding will remain with the Commonwealth.”

A Treasury spokesman told insuranceNEWS.com.au discussions about the scope of the project are ongoing. “None of the money allocated has been spent.”