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NSW: Q&A Spending Limits & Unapproved Fees

NSW: Q&A Spending Limits & Unapproved Fees

October 1 2021February 2 2025

Question: Our owners corporation is part of a BMC. Is it regulation that the financial and annual budget of the BMC be presented to the strata committee or owners and approved at a committee meeting before the owners corporation AGM? I am an owner in an owners corporation that has shared facilities (BMC) with another…

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NSW Q&A: Spending Limits for Council Owners

NSW Q&A: Spending Limits for Council Owners

July 14 2021May 29 2024

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. Further, there are limits on spending by large strata schemes in NSW and safeguards for all schemes in relation to…

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