NSW: Q&A Owners Corporation Committee Decisions

Question: The committee chair entered into a $13,000 contract with a landscaping company without the deal being minuted. What can be done to censure the chair and what can be done to legitimise the deal?

Answer: We would recommend ratifying the decision at a general meeting of the owners corporation.

In the absence of bad faith, committee members are protected from personal liability under the strata legislation.

To ensure the contract is legitimated, we would recommend ratifying the decision at a general meeting of the owners corporation.

For the full question and our detailed response, visit the original publication at Look Up Strata.

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‘Liability limited by a scheme approved under Professional Standards Legislation’.