sec.163Quotes for major spending decided at general meeting [SM, s 173 ]

sec.163 Quotes for major spending decided at general meeting [SM, s 173 ]

This section applies if— a motion to be moved at a general meeting of the body corporate proposes the carrying out of work or the acquisition of personal property or services, including the engagement of a body corporate manager or service contractor, but not including the engagement of a service contractor who is also, or is to be, a letting agent; and the cost of giving effect to the proposal is more than the relevant limit for major spending for the community titles scheme. The owner of each lot must be given copies of at least 2 quotations for carrying out the work or supplying the personal property or services. If the motion is proposed by the committee, the committee must obtain the quotations. If the motion is not proposed by the committee, the person proposing the motion must obtain the quotations and give them to the secretary. Copies of the quotations or, if voluminous, summaries of the quotations and advice about where the complete documents may be inspected, must accompany the notice of the meeting at which the motion is to be considered. If, for exceptional reasons, it is not practicable to obtain 2 quotations, a single quotation must be obtained and must accompany the notice of the meeting. If goods to be acquired by the body corporate are obtainable from only 1 source, a quotation for supplying the goods must be obtained from the source and circulated with the notice of meeting. The fact that goods with the necessary characteristics are only obtainable from a single source would be an exceptional reason for not obtaining 2 quotations for the supply of the goods. Unless subsection (6) applies, the motions for the quotations must be set out as a group of same-issue motions in the agenda and on a voting paper for the meeting. Each quotation obtained under this section must be retained as an attachment to the minutes of the meeting at which the quotation is considered. For this section— the cost of engaging a body corporate manager or a service contractor includes any payment for the body corporate manager’s or the service contractor’s services, provided for under the engagement, for the term of any right or option of extension or renewal of the engagement; and if a series of proposals forms a single project, the cost of carrying out any 1 of the proposals is taken to be more than the relevant limit for major spending for the scheme if the cost of the project, as a whole, is more than the relevant limit. (sec.163-ssec.1) This section applies if— a motion to be moved at a general meeting of the body corporate proposes the carrying out of work or the acquisition of personal property or services, including the engagement of a body corporate manager or service contractor, but not including the engagement of a service contractor who is also, or is to be, a letting agent; and the cost of giving effect to the proposal is more than the relevant limit for major spending for the community titles scheme. (sec.163-ssec.2) The owner of each lot must be given copies of at least 2 quotations for carrying out the work or supplying the personal property or services. (sec.163-ssec.3) If the motion is proposed by the committee, the committee must obtain the quotations. (sec.163-ssec.4) If the motion is not proposed by the committee, the person proposing the motion must obtain the quotations and give them to the secretary. (sec.163-ssec.5) Copies of the quotations or, if voluminous, summaries of the quotations and advice about where the complete documents may be inspected, must accompany the notice of the meeting at which the motion is to be considered. (sec.163-ssec.6) If, for exceptional reasons, it is not practicable to obtain 2 quotations, a single quotation must be obtained and must accompany the notice of the meeting. If goods to be acquired by the body corporate are obtainable from only 1 source, a quotation for supplying the goods must be obtained from the source and circulated with the notice of meeting. The fact that goods with the necessary characteristics are only obtainable from a single source would be an exceptional reason for not obtaining 2 quotations for the supply of the goods. (sec.163-ssec.7) Unless subsection (6) applies, the motions for the quotations must be set out as a group of same-issue motions in the agenda and on a voting paper for the meeting. (sec.163-ssec.8) Each quotation obtained under this section must be retained as an attachment to the minutes of the meeting at which the quotation is considered. (sec.163-ssec.9) For this section— the cost of engaging a body corporate manager or a service contractor includes any payment for the body corporate manager’s or the service contractor’s services, provided for under the engagement, for the term of any right or option of extension or renewal of the engagement; and if a series of proposals forms a single project, the cost of carrying out any 1 of the proposals is taken to be more than the relevant limit for major spending for the scheme if the cost of the project, as a whole, is more than the relevant limit.