In New Zealand? Visit quarter.nz for body corporates.
Check whether your building's maintenance plan is current, complete and properly costed — and whether the levies behind it add up.
The job is the same everywhere. The rules, the words and the money are not. Pick your state or territory and we will show you the version that actually applies.
Strata Schemes Management Act 2015
New South Wales requires every strata scheme to prepare a ten-year plan for its capital works fund, and from 1 April 2026 every new or revised plan must use a mandatory standard form....
Read the NSW guideOwners Corporations Act 2006
Victorian owners corporations of five or more lots must have a maintenance plan covering at least ten years, and prescribed owners corporations must also establish a maintenance fund to...
Read the VIC guideBody Corporate and Community Management Act 1997
Queensland bodies corporate must prepare a sinking fund forecast covering at least the next nine years, adjusted annually — which makes Queensland's requirement more like a rolling...
Read the QLD guideStrata Titles Act 1985
Western Australia's 2020 reforms made a ten-year maintenance plan compulsory for schemes of ten or more lots, or where the building's replacement value exceeds $5 million. Many WA schemes...
Read the WA guideStrata Titles Act 1988 and Community Titles Act 1996
South Australia requires a sinking fund, but — unlike most jurisdictions — it does not require a ten-year plan behind it. That leaves the adequacy of the fund entirely to the...
Read the SA guideStrata Titles Act 1998
Tasmania requires a sinking fund but does not require a ten-year plan behind it. Combined with a state of mostly small, self-managed schemes, that means the great majority of Tasmanian...
Read the TAS guideUnit Titles (Management) Act 2011
The ACT is unusually prescriptive here, and that is an advantage. The Unit Titles (Management) Act 2011 requires a sinking fund plan that estimates the amounts needed each year across a...
Read the ACT guideUnit Titles Act 1975 and Unit Titles Schemes Act 2009
Sinking funds are a legal requirement in the Northern Territory, and a ten-year sinking fund plan or forecast is expected to sit behind one. The Territory is also the jurisdiction where a...
Read the NT guideMost buildings have something. Far fewer have a plan that reflects the building as it actually is, costed at what work actually costs now, and matched to what the levies actually raise.
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