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 –
- 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.
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