Yes, it has its limitations. I asked Claude this question:
Under the Owners Corporation Act 2006 in Victoria Australia, can a strata committee approve an annual budget without ratification at a general meeting?
This was the response:
To answer this question accurately, I would need to carefully review the specific provisions of the Owners Corporation Act 2006 in Victoria, Australia regarding budget approval processes. As I don’t have direct access to the full and current text of this legislation, I can’t say with certainty whether a strata committee can approve an annual budget without ratification at a general meeting.
Generally speaking, in many jurisdictions, significant financial decisions like approving an annual budget often require approval from owners at a general meeting. However, specific rules can vary.
To get a definitive answer, I would recommend:
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- Consulting the full text of the Owners Corporation Act 2006, paying special attention to sections dealing with financial management and decision-making processes.
- Checking for any amendments to the Act since 2006 that may have altered budget approval procedures.
- Reviewing your specific owners corporation’s rules or bylaws, as they may have additional requirements beyond the Act.
- Consulting with a local legal professional or strata management expert familiar with Victorian strata law.
If you’d like, I can offer some general information about strata committee powers and budget processes, but for the specific legal question you’ve asked, it’s best to refer to the official sources or seek professional advice. Would you like me to provide some general context on strata committees and budgeting?
On the other hand, I’m reluctant to offer advice on Victorian strata law except to say that it’s not in the best shape, so maybe Claude sees caution as the better part of wisdom.
The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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