The bill ensures that unit title developments adequately plan for and fund long-term maintenance plans. It adds in a requirement that bodies corporate have to have to produce a long-term maintenance plan that includes detailed cost estimations for the first 10 years and high-level projections for the 20 years after that, so that going in to purchase an apartment, you can know what is the condition of this building today, how much work is going to be required on it in the future, and what costs might I expect to face. It requires the creation of long-term maintenance funds for large and medium developments, but does, I think, strike a good balance by allowing people to opt out if they decide that that is not the way they wish their assets to be managed. 