Strata Authoriszation Spending Wpforms

Number of Lots *

How Much is the Spending?

Improvement Or Maintenance *

Improvement
Maintenance

*Improvements are different from general repair and maintenance spending, and are generally classed as optional spending.
As a general rule:
– Maintenance includes a repair that leaves the item largely unchanged, and the replacement of an item that cannot be repaired.
– An ‘improvement’ is the addition or alteration of a thing so that a new item is created.

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Your Spending

Committee Spending Limit

($200 * Total Lots – – Can be changed at a general meeting)

Major Spending Limit

(Lower of $10K or $1100 * Total Lots – – Can be changed at a general meeting)

Basic Improvement Limit

($300 * Total Lots – – Can NOT be changed)

Ordinary Resolution Improvement Range

($2000 * Total Lots – – Can NOT be changed)

Special Resolution Improvement Range

Any Amount > Ordinary Resolution Improvement Range – – Can NOT be changed

How of Range

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Single Line Text

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Committee Can Approve, one quote is sufficient