Document ID: chunk:federal_register_of_legislation:F2023C00203:clause:6_26
Version: federal_register_of_legislation:F2023C00203
Segment Type: clause
Provision Reference: sch 6 cl 26
Character Range: 87515–88155

26  Resolutions authorising expenditure—section 118
  For the purposes of section 118, expenditure by a body corporate:
 (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 body corporate; and
 (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; and
 (c) of the larger of the 2 amounts referred to in paragraph (b) or more must be authorised by a unanimous resolution.