New South Wales Consolidated Acts

STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 164

164 Function and operation of committee

(1) The function of the strata renewal committee is to prepare a strata renewal plan, relating to the strata renewal proposal for the strata scheme, for consideration by the owners corporation and the owners in accordance with this Part.

(2) In exercising its function, the strata renewal committee--

(a) must not spend more than the amount that the committee has, by resolution of the owners corporation made from time to time, approval to spend in preparing the strata renewal plan, and

(b) may engage persons to help it prepare the strata renewal plan (for example, a person who gave the strata renewal proposal to the owners corporation), if the owners corporation has delegated to the committee the authority to do so.

(3) The strata renewal committee may at any time ask the secretary of the owners corporation to convene a general meeting to approve--

(a) amounts that may be spent by the committee in preparing a strata renewal plan, or

(b) any other matter relating to the operation of the committee or the exercise of its function.

(4) If, when an act or proceeding of the strata renewal committee was done, taken or commenced, there was--

(a) a vacancy in the office of a member of the committee, or

(b) any defect in the election of a member,

any act or proceeding of the committee done in good faith is as valid as if the vacancy or defect did not exist and the committee were fully and properly constituted.