What are the committee's spending limits for contractors?

The committee's spending limit is set by the body corporate at the AGM and determines the maximum the committee can authorise for a single item of expenditure without going to a general meeting. Key rules: - The limit applies per item — not per year - Splitting a single job into smaller amounts to avoid the limit is not permitted - For emergency repairs necessary to prevent serious damage or injury, the committee can exceed the limit — but must report the expenditure to owners as soon as practicable - Limits are typically separate for administrative fund and sinking fund spending If the body corporate does not set a limit at the AGM, a default limit applies under the relevant module regulation. For significant works, the committee should consider bringing the matter to a general meeting for owner approval regardless of whether the cost is within its limit. This article is general information only and not legal advice.