@LawoftheLand said:
Thanks for your response Faraway girl.Are you aware if there is anywhere in the SSMA that refers to quotes in general and not just to insurance?
And wouldn’t the O/C (not just the S/C) have to vote on both the Fire quote and the remedial works quote?
Strata Schemes Management Act 2015 No 50
Current version for 1 July 2018 to date (accessed 24 October 2018 at 23:43)
102 Limits on spending by large strata schemes
(1) An owners corporation for a large strata scheme must obtain at least 2 quotations in relation to proposed expenditure in respect of any one item or matter if the proposed expenditure will exceed the amount prescribed by the regulations for the purposes of this section.