Check the capital works fund plan against the Act before the meeting
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Compare the current 10-year plan, the initial maintenance schedule, the depreciation and building reports and the meeting history with the statutory requirements for the plan, and list each requirement as met or not met: the period covered, consideration of the initial maintenance schedule for the first plan, and the date of the last review against the five-year review cycle.
- What the lawyer must review
- The lawyer confirms the review cycle and content requirements in force, decides whether the plan or the levy setting needs to be revisited, and advises the committee on the motion needed to review, revise or replace the plan.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Compare the current 10-year plan, the initial maintenance schedule, the depreciation and building reports and the meeting history with the statutory requirements for the plan, and list each requirement as met or not met: the period covered, consideration of the initial maintenance schedule for the first plan, and the date of the last review against the five-year review cycle. |
| Lawyer | The lawyer confirms the review cycle and content requirements in force, decides whether the plan or the levy setting needs to be revisited, and advises the committee on the motion needed to review, revise or replace the plan. |
Checklist
- Check the date of the last review against the meeting minutes.
- Confirm the first plan considered the initial maintenance schedule where the scheme is young.
- Confirm the levy estimates track the plan’s expenditure forecast.
Sources
- Strata Schemes Management Act 2015 (NSW) s 80 — Owners corporation to prepare 10-year capital works fund plan · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.