04/09/2026
Capital Works Fund Plans: The New Prescribed Form ๐
Does your scheme's 10-year plan actually need to change? Short answer: not always.
Since 1 April 2026, NSW strata schemes must use a new standard form for their 10-year capital works fund plan but only when the plan is being revised, or replaced at the end of its 10-year life. If your scheme has a current plan and isn't due to revise it, you don't need to switch forms yet.
What's changed:
โ๏ธ One standard, prescribed format for all new and revised plans
โ๏ธ Clearer cost estimates, with provision for inflation and contingencies
โ๏ธ A digital planner on Strata Hub to help build a compliant plan
Your capital works fund plan is how your scheme budgets for major repairs over the next decade and it's an agenda item at every AGM. Getting it right protects your building's long-term financial health.
Not sure where your scheme sits? Ask your strata manager, or call us on 02 8297 8080.
General information only. Contact your strata manager or legal adviser for advice specific to your scheme.