The relevant Legislation in the ACT is silent on the subject isn’t it?
I’m sure you can handle it Peter, but it sounds about as rigerous a process as our Federal Governments use to invest our tax receipts; wouldn’t pass muster in NSW where my reading of Sect 73 requires the O/C to make such decisions.
I’m Treasurer of our O/C and there’s no way that I’d be making a decision about how and where to invest our Owners’ hard-earned without first putting it to them at a General Meeting.
Marvin – is there some reason why your E/C wants to make such investment decisions autonomously?