Spending limits for committees
Relevant limits
For committee spending
- the amount last set as the relevant limit for committee spending by ordinary resolution of the body corporate at a general meeting or
- $200 x the number of lots in the scheme.
For major spending
- the amount last set as the relevant limit for major spending by ordinary resolution of the body corporate at a general meeting, or the lesser of $1,100 x the number of lots in the scheme; or $10,000.
Basic improvement limits
- $300 x the number of lots in the scheme (subject to the committee spending limit).
Ordinary resolution improvement range
- an amount that is more than the basic improvement limit and less than $2,000 x the number of lots in the scheme (may only be approved once per financial year).
An amount over the ordinary resolution improvement range
Special resolution.
Please note, this flow chart is a basic guide, and the legislation should be referred to as the primary reference.