Responsibility for Expenditure Decisions and Limits

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  • 07/11/2018 at 4:12 pm #12009 Reply | Quote
    FlatMate
    Flatchatter

      Having perused the Strata Schemes Management Act 2015, I can’t see anything which is a directive about expenditure limits by Strata Committees.  It seems that many clauses are not relevant until they become an issue, so that hazards are not realised until they are encountered.

      We have some urgent work due, and as has happened in the past, the committee has made a decision to go ahead, which is necessary, but for future knowledge, should we decide on a limit at our AGM, for larger expenditure, and whether it is the Strata Committee alone, or the Owners Corporation which has the decision-making right?  It is only a small complex with seven owners altogether, so we don’t have any guidance from the Act.

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    Reply To: Reply #30802 in Responsibility for Expenditure Decisions and Limits
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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