2016-2017 Summer Newsletter

By January 25, 2017General News

Welcome to the Summer Edition of Illawarra Strata Management’s quarterly newsletter. 

CHANGES TO LEGISLATION

Did you know there have been a few Changes in LEGISLATION as of 30th November 2016? Some that may interest you are:

ELECTRONIC VOTING –

Your scheme will have the option of allowing different methods of voting and not just be limited to physical attendance and proxy voting. Options into the future include attendance at a meeting via:

  • Skype, Webinar & virtual attendance
  • Email voting
  • Telephone attendance and any other technological advance that comes our way.

Taking advantage of all of these extra options for “virtual attendance” is easy. We will be listing a standard motion on everyone’s next general meeting agenda to consider and /or approve other voting methods.  Now, clients who are house bound, interstate, on holidays or simply working hard to make a living, can vote via other methods and have their voices heard.

PROXY FORMS –

In the past an owner has been able to hold as many proxies as they wanted which sometimes led to stacked voting. From 30 November 2016, this is no longer permitted and proxies are limited to either 1 per person for buildings with up to 20 lots or, where the building has more than 20 lots, the limit for holding proxies is 5%. Greater communication will be required for those wishing to utilise a proxy for voting purposes. Going forward, it will be important to contact the agent (or your proposed proxy) to determine whether they have exceeded the limit.

Quick Snap  / Terminology

As of the 30th November 2016 an Executive Committee will now be known as a Strata Committee. Also, Sinking Fund Forecasts will be known as Capital Works Funds.

Facebook – Illawarra Strata

Like our page, or become our friend and be updated with all the legislative changes.

Christmas Closure

We will be closed from Wednesday, 21st December 2016 at 3.00 pm and will be re-opening on Wednesday, 4th January 2017 at 9am.  A Christmas newsletter will be distributed to all clients in December.

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