Body corporate spending limits - What are they and when do they apply?
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A recent proposal from the strata committee chair and secretary in our community title scheme has sparked some debate. They've proposed a motion for the committee to pre-approve a set amount they could spend without needing approval.
The justification for this is to allow for a quicker response in emergencies. However, some owners feel strongly that all spending decisions, regardless of urgency, should be discussed and voted on by the committee.