
Who can approve significant body corporate spending?
Who can approve significant body corporate spending? Learn how the committee spending limit works, when owners must vote and when two quotes are needed.
We all know that Covid-19 has changed the way people meet. During the last 18 months, BCsystems has offered to hold meetings with our committees via video if that is preferred, and we are grateful for your ongoing support of our independent business during this time. Our team is back in the office, however some of our committees tell us they prefer the convenience of electronic meetings.

Who can approve significant body corporate spending? Learn how the committee spending limit works, when owners must vote and when two quotes are needed.

“Act reasonably” is a phrase that appears throughout body corporate law. It’s a legal standard that applies to almost every decision a committee makes – enforcing by-laws, approving or refusing applications, spending scheme funds, engaging contractors, and resolving disputes between owners.