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Gosh that’s an interesting Executive Committee!! Have you thought of getting some new members?
As a side issue – how does the EC meet the procedural requirements for meetings and making decisions if they have delegated their powers in that way. For example – if the EC were considering something that required a decision of the EC, they would have to issue a notice of meeting setting out any proposed resolutions 72 hours prior to the meeting. This gives owners who may have an objection the opportunity to give notice that they object, and if they meet the required number/percentage of owners the decision can’t proceed.
Yes you can limit what the Executive Committee can determine/do. At each AGM there is a compulsory motion under Schedule 2 34(g) of the Act which allows the owners to decide if any matter or type of matter can be determined only by the owners – that is, the owners in a general meeting.
Using that motion you can limit the EC’s powers to a monetary amount, e.g. a few thousand dollars, and/or only certain types of matters such as emergencies (you would be well advised to set out what constitutes an emergency). In any resolution the OC could say that the EC could not make any decisions relating to capital works etc. Note that the legislation also sets out specific things that cannot be decided by the EC, which includes taking legal action above the specified amount, and improving/enhancing common property.