Are owners corporations required to have a capital works fund? Has new legislation been introduced in NSW allowing owners corporation to borrow money from the administration fund to pay for capital works?
In NSW, capital works funds are required by the Act to be established by owners corporations.
In NSW, capital works funds are required to be established under the Strata Schemes Management Act 2015 for strata schemes and under the Community Land Management Act 2021. You can resolve to use money from one fund for administrative fund purposes and not pay it back or only part pay it back.
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Allison is the principal of Benson Legal, having formerly been a co-founder and co-principal at Kerin Benson Lawyers since 2014.
Benson Legal commenced on 1 June 2026 where Allison and her team continue to provide advice on, and to act in relation to, strata and community title and building and construction matters.
Allison is a Fellow of the Australian College of Strata Lawyers and regularly presents training sessions for other lawyers and writes for the NSW Law Society Journal.
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