Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 35

    (1)     The executive committee of an owners corporation exercises the functions of the corporation.

    (2)     Without limiting subsection (1), the executive committee's functions include the following:

        (a)     developing matters in relation to—

              (i)     the common property; and

              (ii)     the strategic affairs of the owners corporation;

        (b)     submitting matters developed under paragraph (a) to the owners corporation for consideration;

        (c)     monitoring the owners corporation's financial performance;

        (d)     approving the annual financial statements and budget for presentation to the owners corporation at the corporation's annual general meeting;

        (e)     supervising the treasurer, secretary, manager (if any) and communications officer (if any);

        (f)     carrying out the decisions of the owners corporation made at general meetings.

    (3)     The executive committee must exercise its functions—

        (a)     as the corporation directs by resolution at a general meeting; or

        (b)     in the absence of a resolution—as the committee considers appropriate.

Note     The resolution required under s (3) (a) is an ordinary resolution, unless the Act provides that the resolution should be a special, unopposed or unanimous resolution—see sch 3, s 3.14 (Decision-making at general meetings).