53Statutory restrictions on powers of corporation or committee

53 Statutory restrictions on powers of corporation or committee (1) Unless otherwise determined pursuant to a special resolution of the corporation, a committee shall not, in any one case, undertake expenditure exceeding the amount determined under section 36(1). (1A) Notwithstanding subsection (1), a corporation or committee shall not cause an improvement to be made to the common property that, in any one case, exceeds the prescribed amount (or where no amount is prescribed, exceeds the amount calculated by multiplying 300 monetary units by the number of units) unless: (a) it does so in pursuance of a resolution passed in general meeting without dissent; or (b) it resolves by special resolution in general meeting that the improvement is essential for the health, safety or security of users of the common property; or (c) it does so to comply with a notice or order served on it by a public authority or local government council. (2) Where proposed expenditure would exceed an amount referred to in subsection (1), the committee shall: (a) submit the proposal for determination at an extraordinary general meeting of the corporation convened for the purpose of, or for purposes which include, consideration of the proposal; and (b) if the proposed expenditure is in respect of work to be performed or the purchase of personal property, submit at least 2 tenders to that meeting with the proposal.

Unit Titles Act 1975 65 (3) Subsection (1) does not apply to the expenditure of moneys: (a) in payment of a premium of insurance effected by or on behalf of the corporation; or (b) to comply with a notice or order served on the corporation by a public authority or local government council; or (c) in discharge of a liability incurred in respect of an obligation of the corporation authorised by the corporation in general meeting.