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There's a principle around strata executive committee meetings that any owner can attend and electronic meetings wouldn't allow that to happen. Also, there are regulations about agendas and minutes.
However, in practice, a lot of ECs will have mini eMeetings to allow them to get on with the day-to-day stuff and save the big stuff for formal, open meetings.
As a rule of thumb, if an issue needs to be discussed, if someone is possibly going to object, especially take a strong contrary point of view, or challenge the decisions after the matter, then have a meeting. But if the issue has already been discussed and agreed and you just quickly want to, say, send out a letter following up a decision made at a previous meeting, then just do it electronically.
This approach may not be strictly legal – but it works for a lot of committees.
The question of spending is quite complicated and depends , among other things, on the size of your building (Blocks of over 100 units have slightly different rules.)
Apart from bona fide emergency work, basically all proposed spending should have been budgeted for at an AGM or an EGM. If you are planning to spend more than 10 percent on top of what was budgeted for a specific item, you need to have another general meeting. If it's payment for legal advice above a fairly low threshold, it has to be agreed at a general meeting.