From 1 April 2026, important changes to NSW strata legislation will affect how Capital Works Fund plans are prepared and presented, particularly for new developments and schemes due for review. This article focuses specifically on Capital Works Funds (CWF) as part of the broader changes to the standardised Initial Maintenance Schedule. These reforms aim to…
NSW Fair Trading has confirmed that new requirements for Initial Maintenance Schedules (IMS) will begin on 1 April 2026. These reforms are designed to strengthen developer accountability and ensure new strata schemes start with realistic budgets, clearer maintenance obligations and better long-term planning. A key change is that IMSs are now standardised. Developers must use…
Following extensive consultation with the community and holiday-letting industry, the Short-Term Rental Accommodation (STRA) framework has been finalised. The new regulatory framework seeks to ensure local communities continue to enjoy the economic benefits of STRA, while managing potential adverse impacts. Importantly, the new STRA policy includes a deferred commencement clause and consultation is ongoing…
The Australian Apartment Advocacy (AAA) is an agency who undertakes research with Apartment Owners and Residents. This research is utilised by Governments and Developers to understand the needs of the ever growing apartment communities. The AAA serve as the voice of the more than 2.5 million apartment owners and residents in Australia. Survey’s are finalised…
The new defects rectification guide has been launched in NSW. The NSW Government has written a step by step guide which helps Strata Managers and property owners with identifying and then rectifying defects in apartment buildings in a seamless process. This is a first of its kind for government and it enables the government…
Strata is thriving this Spring! The NSW Government along with David Chandler and the Office of the Building Commissioner are steaming ahead in cementing NSW as a Building Industry powerhouse. With the recent building industry failings and development oversights that have come to light in NSW the OBC has been granted new powers. As…
Sign up to our newsletter tor receive updates and news.
