NSW Q&A: Spending Limits for Council Owners

ByLeanne Habib

Question: In relation to the LookUp Strata article addressing spending limits for items not in the Council of Owners’ budget for Western Australia, do these limits apply in all states or only WA? I am in NSW.

Answer: In NSW, the strata committee may be restricted on spending limits or any other matter or type of matter determined by the Owners Corporation. 

Further, there are limits on spending by large strata schemes in NSW and safeguards for all schemes in relation to obtaining legal services.  For example, a general meeting approval to obtain legal services is not required, if the matter is not urgent and the costs do not exceed $3,000

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Do you have a question relating to your property or development? Contact us!

Please note that this article is provided for information purposes only and is not a substitute for professional legal advice.

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