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Section 75A of the Strata Schemes Management Act 1996 requires all owners corporation to prepare 10-year sinking fund plans.  The purpose of the sinking fund plan is to prepare an estimate of anticipated major expenditure to be met from the sinking fund over a 10-year period.

The plan is to be reviewed and (if necessary) adjusted on a five yearly basis.

Scope of Works

An inspection of the property is conducted from floor areas and only in areas of common property.  The specific works performed are:

1)  An external inspection of the property is carried out;

2)  A detailed Maintenance Schedule is developed noting all building maintenance issues.  These maintenance issues are then prioritised and costed;

3)  Other general building issues are identified and noted;

4)  A 10 Year Sinking Fund budget is developed.

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Fast (Timely), flexible and efficient service - Avoid unnecessary delays.

We are flexible and will endeavour to meet our customers’ needs, for example, we can carry out inspections at times which accommodate your work commitments or provide 'project-specific' fee proposals upon request.

Personal and direct contact - Tel : (02) 6681 5258 or 0458 808 806

We make ourselves available for any questions or issues which may arise at all stages of development.

Competitive prices for cost-effective and quality services.

Wide range of approvals, inspections and certificatesWe provide a full range of building approvals, building certification and inspection, and building approval advisory services to our customers

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Certificates of Insurance - Dont be fooled read the requirements

Legislative Requirements

The Home Building Act 1989 contains provisions requiring home warranty insurance to be obtained for certain residential building work undertaken by builders and owner-builders.

The Act also requires that builders, owner-builders and developers provide homeowners with a Certificate of Insurance as evidence that a Contract of Home Warranty Insurance (i.e. policy) is in place for the work.

Under the legislation governing the operation of the development and construction approval process (Environmental Planning and Assessment Act 1979), the Council/Principal Certifying Authority (PCA) is required to be notified of the builder for the project. It is also a standard condition of the approval for a residential building project that home warranty insurance be obtained. Where home warranty insurance is not obtained, the Council/Principal Certifying Authority may not be able to issue an occupation certificate for the completed building work. This may impact on the ability to legally occupy the completed building work and may also adversely impact on the future saleability of the property and its market price.

Further information on the categories of residential building work requiring home warranty cover and the thresholds applying to the requirement for such cover to be in place may be obtained from NSW Fair Trading (telephone 13 32 20 www.fairtrading.nsw.gov.au).

https://homewarranty.nsw.gov.au/portal/server.pt/community/c%3Bhomeowners/257/information_for_homeowners/1161

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