The bill strengthens the requirement for long-term maintenance plans in large developments by adding a further 20 years of high-level cost projections to the existing 10 years of detail cost estimations. This means that buyers can anticipate any upcoming major maintenance costs when deciding whether to buy an apartment. The bill requires the bodies corporate of large developments to establish a long-term maintenance fund by default, but, if they choose to, they may opt out of this requirement with a special resolution; however, they must also review this decision annually, and if they decide to establish one after all, they can do so with another special resolution. The body corporate also decides the level of funding and how their long-term maintenance plans will be funding—whether they fund repairs years in advance or at the time the money is required.