2026 Capital Works Fund (CWF) Changes: New Standard Form Explained

2026 Capital Works Fund (CWF) Changes: New Standard Form Explained

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…

New Rules for Initial Maintenance Schedules: What Developers Need to know Before 1 April 2026

New Rules for Initial Maintenance Schedules: What Developers Need to know Before 1 April 2026

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…

Top reasons why you need regular repair & maintenance to the common property

Top reasons why you need regular repair & maintenance to the common property

It’s the law! Owners Corporations are required by law to repair & maintain the common property.  The new legislation allows individual lot owners to sue the Owners Corporation and recover any damages suffered by an owner as a result of the Owners Corporation’s failure to properly repair & maintain the common property. Preserving and enhancing…

Q&A: Air-conditioning maintenance – who is responsible?

Q&A: Air-conditioning maintenance – who is responsible?

A LookUpStrata reader wanted to know who is responsible for maintaining an individual unit’s ducted air conditioning systems when their main components are located outside the Lot’s boundaries. The short answer is: it depends. The test for determining whose responsibility repair & maintenance befalls is whether or not there is an exclusive use by-law registered. You can…