Decoding PMR 22 and the reserve fund imperative
Under Prescribed Management Rule 22, every community scheme needs a written Maintenance, Repair, and Replacement Plan for major capital items over ten years. Exterior painting and waterproofing are unequivocally major capital items — not administration fund repairs.
Reserve funds must implement the MRRP. Trustees need plain-language scopes with lifecycle costing for thermal shock repair, spalling remediation, and elastomeric applications — not tick-box spreadsheets.