initial period

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…