#14730
Jimmy-T
Keymaster

    Unexpected Leigh said:

    Jimmy, I venture to suggest the initial phone call to one of Flat Chat’s venerable expert strata lawyer contributors would elicit the advice, free, as to whether an EC could “seek legal advice and/or commence legal action on its own authority or does it require the approval of a general meeting”, wouldn’t you think?

    Hey, Leigh, didn’t you also say: “In the final analysis free advice is worth what you pay for it in a scenario like this.”

    Just kidding. In any case, you probably don't need to make that call – as I said before, the Act and Regulations are quite clear, there is a limit of $1000 a lot or $12,500 per strata plan, whichever is less, before the EC has to ask a general meeting for approval.

    Section 15 of the regulations also waives the need for a General Meeting approval if the estimated costs of legal action are provided  under the terms of the Legal Professions Act 2004.

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