Queensland Consolidated Regulations

BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 93

93 Quotes for major spending decided by committee [SM, s 174]

(1) This section applies if—

(a) the relevant limit for committee spending for a community titles scheme is more than the relevant limit for major spending for the scheme; and

(b) a motion to be moved at a meeting of the committee proposes the carrying out of work or the acquisition of personal property or services; and

(c) the cost of giving effect to the proposal is more than the relevant limit for major spending for the scheme but less than the relevant limit for committee spending for the scheme.

(2) This section also applies if—

(a) a motion to be moved at a meeting of the committee proposes spending above the relevant limit for committee spending for the community titles scheme to put in place a relevant policy of insurance, or to renew an existing relevant policy of insurance; and

Note—

See also section 91 (1) (e) .

(b) the cost of giving effect to the proposal is more than the relevant limit for major spending for the scheme.

(3) Before the motion is decided, the committee must obtain and consider at least 2 quotations for carrying out the work, supplying the personal property or services or putting in place, or renewing, the relevant policy of insurance.

(4) However, if, for exceptional reasons, it is not practicable to obtain 2 quotations, a single quotation must be obtained and considered.

Example of an exceptional reason—

The proposal is for the acquisition of goods of a particular characteristic. Goods of that characteristic are only obtainable from 1 source.

(5) Each quotation obtained under this section must be retained as an attachment to the minutes of the meeting at which the quotation is considered.

(6) 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 major spending for the scheme if the cost of the project, as a whole, is more than the relevant limit.

(7) In this section—

"relevant policy of insurance" see section 91 (4) .