In New Zealand? Visit quarter.nz for body corporates.
Every building is spending down an asset. The roof, the lifts, the membranes, the paint and the plant all have a service life and a replacement cost, and the only question is whether the body corporate is collecting for them or deferring them. A maintenance plan is how you tell. A plan that is stale, generic or never reviewed does not tell you anything — it just makes the building feel prepared while the gap grows.
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 buildings have no forecast at all — and Tasmanian conditions, particularly wind and moisture on exposed sites, are harder on a building envelope than the mild climate suggests.
Governed by the Strata Titles Act 1998, administered by the Recorder of Titles.
In many small schemes the honest answer is 'not much, and nobody has asked why'.
In Quarter: Upload the plan you already have and Quarter reads it into a costed schedule of items, lifecycles and due years. From there it projects the fund thirty years out and tells you the annual contribution that actually funds it.
It does not have to be elaborate. It does have to be based on somebody looking at the building.
In Quarter: Quotes, studies, assessments and correspondence attach to the decision that authorised them, so the file an assessor, an owner or a buyer's solicitor asks for is already assembled.
Where they apply they change repair costs substantially, and generic templates ignore them.
At a general meeting, minuted, so it outlives the current owners.
Small, regular contributions beat a special levy in a scheme where four owners share everything.
In Quarter: The plan's required contribution feeds the budget, and approving the budget raises the levies from it — so what owners pay is derived from the plan rather than from last year's number plus a bit.
What was done and when. It is what makes the next forecast accurate.
In Quarter: The ownership register, financial records, insurance, contracts and documents sit in one searchable place, so a handover is an export rather than an archaeology project — and they are still there when the committee turns over.
The Tasmanian default, and the reason repairs arrive as special levies.
They are frequently the largest single variance from a template estimate.
A figure unchanged for a decade is a figure that was wrong for nine years.
Most 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 contributions actually raise.
A plan is only as good as the maintenance record behind it and the budget in front of it. Quarter connects the three.
What the plan said would happen, and what actually happened. The gap between them is the most useful number a committee has.
Budget from the plan's contribution rate rather than from last year's figure plus a bit.
Where a review is required, it is tracked as an obligation with a date, not a good intention.
Repairs, quotes, invoices and warranties attached to the thing they were for, so the next plan review starts from evidence.
What the fund holds, what the plan says it needs, and the difference — visible, so a levy increase is a conversation rather than an ambush.
General information about Tasmania, not legal or financial advice for your building. Legislation is amended and grant programmes open and close — check the current position with the Recorder of Titles or the administering body before you act on anything here.
Tell us about your building in Tasmania and we will show you exactly how Quarter would run it.
