What are the committee's spending limits?

The committee can approve spending up to the spending limit set by the body corporate at the AGM. Spending above this limit — other than genuine emergency repairs — must be approved at a general meeting. Key rules: - The limit applies per item of expenditure, not per year - The limit cannot be circumvented by splitting one large job into smaller amounts - Emergency repairs necessary to prevent serious damage or injury can exceed the limit, but must be reported to owners as soon as practicable - Spending limits are separate for the administrative and sinking funds If the body corporate does not set a spending limit at the AGM, a default limit applies under the relevant module regulation. For major works — repainting, resurfacing, major repairs — the committee should bring the matter to a general meeting regardless of whether the cost exceeds the limit. This article is general information only and not legal advice.