Is the committee legislated to hold a "paper meeting" to vote and approve expenditure on repair and or maintenance works over $5,000?
The restriction you refer to may be an internal limit on spending.
There is a limit on spending by an owners corporation where the proposed expenditure exceeds the prescribed amount (currently $30,000) (where at least two independent quotations must be obtained) and for legal fees.
In terms of any restriction on a strata committee, a strata committee cannot make a decision on any matter that the owners corporation has determined in a general meeting is to be decided only by an owners corporation in general meeting.
The restriction you refer to may be an internal limit on spending to ensure that the strata managing agent (if that person is delegated that function) cannot commit the funds of the owners corporation unless the strata committee has first approved incurring that expense.
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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.
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