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Special resolution by peers spoilt Black Friday, say (8,5)

Ross

I believe the answer is:

spending spree

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'special resolution' is the definition.
I know nothing about this answer so I cannot tell whether it can be defined by this definition.

'by peers spoilt black friday say' is the wordplay.
'by' means one lot of letters go next to another.
'spoilt' is an anagram indicator.
'black friday say' becomes 'spending' (I can't justify this - if you can you should give a lot more credence to this answer).
'peers' is an anagram of 'spree'.
'spree' put after 'spending' is 'SPENDING SPREE'.

Can you help me to learn more?

(Another definition for spending spree that I've seen is " Period of heavy shopping".)

I've seen this clue in the Sydney Morning Herald.
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