South Australian Consolidated Regulations

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COMMUNITY TITLES REGULATIONS 1996 - REG 22

22—Resolutions authorising expenditure (section 119)

Expenditure by a community corporation—

            (a)         of less than an amount that is equivalent to $2 000 multiplied by the number of community lots in the scheme must be authorised by an ordinary resolution of the corporation;

            (b)         of the amount referred to in paragraph (a) or more but less than an amount that is equivalent to $5 000 multiplied by the number of community lots in the scheme must be authorised by a special resolution;

            (c)         of the larger of the two amounts referred to in paragraph (b) or more must be authorised by a unanimous resolution.



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