Committee Spending Limits: Why It's Time to Increase

Have You Increased Your Committee Spending Limits?

As we continue to navigate rising costs, it’s important for bodies corporate to review their committee spending limits.

What is the standard committee spending limit in Queensland?

Under the Body Corporate and Community Management legislation, the standard limit for committee spending is set at $200 multiplied by the number of lots in a community—unless a different amount has been approved at a general meeting.

With costs continuing to climb, many bodies corporate find themselves needing to hold extra general meetings in order to approve quotes that exceed this committee spending limit. Not only can this be time-consuming, but it also adds to the overall administrative burden, increasing fees and the need for additional coordination.

When is the best time to make the change?

At Civium, we recommend that bodies corporate consider increasing their Committee spending limit through a motion at an upcoming general meeting. By doing so, you can reduce the frequency of these meetings, streamline your decision-making process, and, ultimately, lower administrative costs.

What are the benefits of increasing?

By adjusting your spending limit proactively, you’ll help save time, money, and hassle for both your committee and residents. So, why not take a closer look at your current limit and explore whether an increase could benefit your community?

If you need any assistance in navigating this process or drafting the necessary motions, Civium is here to help.

Please note, the above information is relevant to the following modules:
– Standard Module
– Accommodation Module
– Small Schemes Module