This article discusses using strata funds for social events in an owners corporation in Victoria and the need for clear budgeting and owner approval.
Question: Can we use owners corporation funds to purchase a gift for our building manager or fund our end of year get-together?
Answer: Yes, but for transparency, it is important to document these expenses correctly.
In short, yes. However, expenses like this must be properly documented to create transparency. The owners corporation should allocate an appropriate amount of funds in your proposed budget, which is then submitted to the Annual General Meeting for review and voting by owners. This affords owners the opportunity to consider where their fees will go and make an informed decision.
The Committee must then be diligent in spending the funds to ensure they fit within the agreed budget. This creates a transparent environment for all owners.
Joel Chamberlain Horizon Strata Management Group E: joel.chamberlain@horizonstrata.com.au P: 03 9687 7788
This post appears in the March 2026 edition of The VIC Strata Magazine.
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