Question: How many members of a strata committee are needed to approve payment of an owners corporation invoice?
Answer: It depends on the setup for your particular scheme.
It depends on the setup for your particular scheme. Often, the treasurer alone approves payment. The strata committee sometimes arranges for the strata management company to pay invoices only once the strata committee, by majority, approves payment. Further, the strata committee may be limited to a maximum expenditure that may be incurred without referral to a general meeting of the owners corporation.
But in saying the above, incurring the expenditure requires a resolution of the owners corporation or strata committee, depending on the subject item. The above refers to processing payment of an invoice for expenditure already approved by the owners corporation or strata committee as required.
This post appears in the November 2023 edition of The NSW Strata Magazine.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440