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FoxAudit Report

Oceanview Towers

SP 87412  ·  24 Shoreline Drive, Wollongong NSW 2500

67 out of 100
Attention Needed
22 lots  3 levels
7 of 8 categories assessed
5 documents analysed

Key Insight The Key Insight is FoxAudit's single most important observation about your scheme — the thing that most clearly explains the score and tells you where to focus first.

Oceanview Towers is a well-maintained scheme with full insurance and a solid maintenance plan — but the 2025 strata reforms have created two new obligations (standard-form CWP and sustainability planning) that the scheme hasn't yet addressed. The building is in good shape. The paperwork has some catching up to do.

Top 3 Actions The three highest-priority actions from across all findings — sorted by urgency. Each maps to a specific finding in the Detailed Findings section.

1
Urgent Adopt CWP standard form prescribed by NSW Fair Trading under the April 2026 reforms
2
Committee Commission a sustainability infrastructure review for inclusion in the next CWP update
3
Annual Locate and file 2023 AGM minutes — not present in document bundle

Action Summary

Every finding is sorted into one of four action priorities so you know exactly who needs to act and when. Urgent = act now. General Meeting = needs an owners corporation vote. Committee = the strata committee can resolve this. Annual = address at next AGM.

Urgent

  • Adopt CWP standard form (April 2026)
  • Address sustainability planning gap in CWP

General Meeting

No actions required

Committee

  • Commission sustainability infrastructure review
  • Review capital works levy against updated cost estimates

Annual / AGM

  • Locate and file 2023 AGM minutes
  • Attach proxy instruments to future AGM minutes

Score by Category

Each bar shows how that category performed. The Fox Score is the average across all assessed categories — categories with insufficient documentation are marked Not Assessed and excluded from the total.
01  Maintenance Plan
58
Significant Gaps
02  Building Fund
72
Attention Needed
03  Building Upkeep
88
No Issues Found
04  Meeting Procedures
76
Attention Needed
05  Insurance
96
No Issues Found
06  April 2026 Reforms
44
Significant Gaps
07  Sustainability
37
Critical Gaps
08  Developer Obligations
Not assessed
—
Fox Score The Fox Score is the average across all assessed categories. Category 8 was excluded because no developer documentation was provided. The denominator is 7 assessed categories.
67 / 100

Detailed Findings

Each finding includes the compliance check, a severity rating (HIGH / MEDIUM / LOW), and a direct quote from your documents as evidence — so every conclusion is fully traceable.
01 Maintenance Plan
58 Significant Gaps
✓
Capital Works Plan in place — 10-year horizon confirmed
LOW
"Capital Works Fund Plan — Oceanview Towers SP 87412. Forecast period: 2019–2029. Prepared by Lannister Building Consultants, September 2019."
◐
CWP dated 2019 — approaching 5-year review threshold
MEDIUM
"Prepared September 2019." Under s.80 SSMA 2015, the CWP must be reviewed at least every five years. A 2019 plan is due for review no later than 2024.
✗
CWP not in NSW Fair Trading standard form (April 2026 requirement)
HIGH
The 2019 CWP is in a consultant's proprietary format. The Strata Schemes Legislation Amendment Act 2025 (NSW) requires schemes to adopt the standard form prescribed by NSW Fair Trading from 1 April 2026.
02 Building Fund
72 Attention Needed
✓
Capital works fund balance adequate against CWP forecast
LOW
"Capital Works Fund balance as at 30 June 2023: $127,450. Current quarterly levy: $2,200 per lot." CWP projects $380k in works over 10 years — fund trajectory appears sufficient at current contribution rate.
✓
Capital works levy set and evidenced in levy schedule
LOW
"Levy Schedule FY2024: Capital Works Fund contribution $2,200 per quarter per unit entitlement."
◐
No evidence levies have been reviewed against updated cost estimates since 2021
MEDIUM
AGM minutes 2022, 2023 not in bundle. No record of levy review against revised cost estimates noted in 2024 AGM minutes. Construction costs have increased materially since the 2019 CWP was prepared.
03 Building Upkeep
88 No Issues Found
✓
Annual fire safety statement current — March 2024
LOW
"Annual Fire Safety Statement issued 12 March 2024 by Flame Safe Inspections. All essential fire safety measures satisfactory."
✓
No known defects or overdue maintenance noted in AGM minutes
LOW
"Building Manager's Report — no outstanding maintenance items. External repaint scheduled Q3 2025 per CWP."
✓
External repainting scheduled per CWP and confirmed in AGM
LOW
"Resolved: to proceed with external repainting in Q3 2025 as per the Capital Works Fund Plan estimate of $62,000."
04 Meeting Procedures
76 Attention Needed
✓
AGM held 14 March 2024 — within required timeframe
LOW
"Annual General Meeting of the Owners Corporation — Oceanview Towers SP 87412 — held Thursday 14 March 2024 at 6:30pm."
✓
Quorum achieved — 8 of 22 lots present or represented
LOW
"Present: 6 lot owners in person, 2 by proxy. Quorum confirmed by Chairperson."
◐
2023 AGM minutes not included in document bundle
MEDIUM
Minutes reference "the 2023 AGM budget resolution" but no 2023 AGM minutes were provided. Prior year minutes should be tabled and confirmed at each AGM per Schedule 1, cl.14 SSMA 2015.
◐
Proxy instruments not appended to AGM minutes
MEDIUM
"2 lots represented by proxy." Proxy forms were not included in the document bundle. Under Schedule 1, cl.23 SSMA 2015, proxy instruments must be retained with the books and records of the owners corporation.
05 Insurance
96 No Issues Found
✓
Building insurance confirmed — $8.2M replacement value
LOW
"Certificate of Currency — IAG Insurance. Policy No. BLG-4471-2024. Building (Strata) — Insured sum: $8,200,000. Valid to: 30 June 2024."
✓
Public liability cover — $20M confirmed
LOW
"Public Liability — $20,000,000. Voluntary Workers — included. Workers Compensation — included (strata managing agent)."
✓
Certificate of currency current at time of analysis
LOW
Policy valid to 30 June 2024. Report generated March 2024. Cover is current.
06 April 2026 Reforms
44 Significant Gaps
Reform transition note: Under the Strata Schemes Legislation Amendment Act 2025 (NSW), schemes that adopted their CWP before 1 April 2026 have until their next AGM to adopt the new standard form and comply with the sustainability planning requirement. This scheme's next AGM is the relevant transition deadline.
✗
CWP not in standard form prescribed by NSW Fair Trading
HIGH
The existing CWP (Lannister Building Consultants, 2019) is in a consultant's proprietary format. The April 2026 reforms require adoption of the standard form CWP prescribed by NSW Fair Trading by the next AGM after 1 April 2026.
✓
Developer obligations not applicable — scheme registered 2007
LOW
"Strata Plan 87412 registered 14 February 2007." Developer obligations under the 2025 reforms apply to schemes registered on or after 1 July 2016. This scheme predates the threshold — not applicable.
07 Sustainability
37 Critical Gaps
✗
No sustainability infrastructure planning in CWP or AGM minutes
HIGH
Neither the 2019 CWP nor the 2024 AGM minutes contain any reference to solar panels, EV charging infrastructure, or water efficiency measures. The April 2026 reforms require sustainability infrastructure to be formally considered in the CWP.
✗
EV charging infrastructure not addressed
HIGH
No reference to EV charging in any provided document. Under the 2025 amendments, owners corporations must assess the feasibility of EV charging infrastructure as part of sustainability planning.
✗
Solar energy generation not assessed in CWP
HIGH
CWP does not address solar panel installation or energy generation. This is a new requirement under the 2025 reforms for all schemes updating or adopting a CWP from 1 April 2026.
08 Developer Obligations
Not Assessed
Developer obligations under the 2025 reforms apply to schemes registered on or after 1 July 2016. Oceanview Towers (SP 87412) was registered in February 2007 and is therefore not subject to these requirements. This category was excluded from the Fox Score calculation.

Documents Analysed

FoxAudit lists every document it analysed so you can verify the basis for each finding. Quality is rated Full (complete text extracted) or Partial (some pages unclear). Only assessed documents contribute to findings.
Document Type Quality
AGM Minutes — 14 March 2024.pdf Meeting Minutes Full
Capital Works Plan 2019.pdf Capital Works Plan Full
Levy Schedule FY2024.pdf Financial — Levy Schedule Full
Certificate of Currency — IAG.pdf Insurance Full
Strata Roll SP87412.pdf Strata Roll Partial

Not provided: 2023 AGM minutes, 2022 AGM minutes, committee meeting minutes, audited financial statements. Findings in categories where these documents are relevant may understate compliance gaps.

General Information Only — Not Legal Advice

This FoxAudit Report is generated automatically using artificial intelligence and is provided for general information purposes only. It does not constitute legal advice, a professional strata inspection, or a Section 184 certificate. Findings are based solely on the documents provided and may not reflect the complete compliance position of the scheme. FoxAudit cannot verify the authenticity, completeness, or currency of uploaded documents.

Legislative references reflect the Strata Schemes Management Act 2015 (NSW) as amended to 1 April 2026. Users should verify current requirements with a qualified NSW strata lawyer. StrataFox Pty Ltd accepts no liability for reliance on this report. © 2026 StrataFox.