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I have audited a fund that owns a commercial building with over 10 units (so numerous unrelated tenants). As the trustee/member would like to save money for the fund, he does minor repairs himself. He will go to Bunnings and buy the materials. This may involve a number of transactions over a few months. Later the fund will reimburse him for the total cost of the materials (no labour). He is not a licenced builder or tradesperson. I have deemed this to be a breach of the borrowing provisions in S.67. The trustee has asked for advice as to how he can do this correctly. He refuses to pay a traders person $200 for something that he can fix with $15 of materials. Bunnings will not accept a cheque and the bank will not issue the fund with a credit card or a debit card (note I have advised that credit card would not be acceptable). Any suggestions?
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Thankyou, that helps