New South Wales Consolidated Regulations New South Wales Consolidated RegulationsFor the purposes of section 80B of the Act, the prescribed amount is $25,000 in relation to any one item or matter (other than the seeking of legal advice or the provision of any other legal services, or the taking of legal action).
Note: Section 80B of the Act requires an owners corporation of a large strata scheme to obtain at least 2 quotations for proposed expenditure exceeding the prescribed amount in relation to any one item or matter.