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BODY CORPORATE AND COMMUNITY MANAGEMENT (ACCOMMODATION MODULE) REGULATION 2020 - REG 162
Spending by committee [SM, s 172]
162 Spending by committee [SM, s 172]
(1) The committee may only give effect to a proposal involving spending above
the relevant limit for committee spending for the community titles scheme
if— (a) the spending is specifically authorised by ordinary resolution of
the body corporate; or
(b) the owners of all lots included in the scheme have
given written consent; or
(c) an adjudicator is satisfied that the spending
is required to meet an emergency and authorises it under an order made under
the dispute resolution provisions; or
(d) the spending is necessary to comply
with— (i) a statutory order or notice given to the body corporate; or
(ii)
an order of an adjudicator; or
(iii) a judgment or order of a court; or
(iv)
an order of QCAT; or
(e) both of the following apply— (i) the committee
decides the spending is necessary to put in place a
relevant policy of insurance, or to renew an existing
relevant policy of insurance;
(ii) the decision to put the
relevant policy of insurance in place, or renew the existing
relevant policy of insurance, is not a decision on a restricted issue for the
committee. Note— See section 44 (1) (c) .
(2) For this section, if a
series of proposals forms a single project, the cost of carrying out any 1 of
the proposals is taken to be more than the relevant limit for committee
spending if the cost of the project, as a whole, is more than the relevant
limit.
(3) Section 163 applies to the proposal in addition to this section
if— (a) subsection (1) (a) or (b) applies in relation to the proposal; and
(b) the proposal involves spending above the relevant limit for major
spending; and
(c) the proposal does not involve spending mentioned in
subsection (1) (c) or (d) .
(4) In this section—
"relevant policy of insurance" means a policy of insurance the body corporate
puts into place or maintains under chapter 8 , part 6 .
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