I am treasurer of our OC. I generally don’t put details about investment to the AGM for a decision. Instead the financial statements each years show amounts in an ‘at call’ account and other amounts in several ‘investment accounts’ with staggered maturity dates. I regard that as sufficient. If any owners care to ask about what rates we are getting, or any other financial matter, I get an answer for them.
Occasionally, the managing agent will ask if it is OK to move some cash as an investment account matures if we are running a bit short in the ‘at call’ account. Other times I will notice we have more than sufficient and could move some the other way to get a higher interest rate and I ask our managing agent to do it without reference to anyone else.
However, if by ‘investment’ you mean putting all the owners’ money into an emu farming venture, then I would agree that the decision should be made at a general meeting!
When our EC proposed to put some money into a solar electric array on the roof of a carport on common property for both environmental reasons and to reduce the OC’s electricity costs, ultimately with a decent financial return on the investment, that was put to a general meeting to decide.