How many members of a strata committee are needed to approve payment of an owners corporation invoice?
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.
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Leanne is leading the conversation in strata and community management across Australia. With a distinguished career spanning over 25 years and holding credentials as a licensed Strata and Community Manager and Real Estate Managing Agent, Leanne has masterfully redefined the essence of premium strata service. Her approach, honed through years in senior roles within top-tier agencies, is unwaveringly client-focused, ensuring that expectations are not only met but consistently exceeded.
As a pivotal member of the Strata Community Association (SCA) and the CEO of the award-winning Premium Strata, Leanne, together with her team of seasoned strata managers, embodies a commitment to unparalleled service excellence. Beyond steering Premium Strata and Premium Building Management, her influence extends across the property industry as a leading voice. Leanne's insights on legislative updates and industry shifts are invaluable, offering guidance to lot owners on intricate strata matters and fostering effective and informed strata management practices.
Leanne is a regular contributor to Lookupstrata.
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