Marvin – an E/C’s ability to commit expenditure is limited to those items and matters that the O/C has approved in its respective Budgets, and similarly its ability to invest O/C funds is limited by the terms of a resolution made by the O/C at a General Meeting in accordance with Sect 73 of the NSW Strata Schemes Management Act (1996)
Irrespective of whether an E/C is spending .or investing, the funds involved are those of the O/C – that is all Owners and they should have a say in both instances.