How the 5 percent proxy rule works in NSW strata

By admin,

I live in a building with 95 apartments. A specialist disability accommodation company holds 12 apartments, with two on the executive committee, and another owner with close ties to the developers holds six or seven proxies. Under the new rules, are companies reduced to five per cent and rounded down? Do both companies hold five per cent? Can two people from one company be on the executive committee?

Can a strata proxy receive correspondence and financial records?

By admin,

I am a proxy for an owner in a NSW strata plan. The scheme has a strata manager.

Can an owner ask the strata manager to forward all correspondence and financial information to their proxy? If this request has been made and the information is not supplied, what recourse do we have?

Is a proxy valid after a strata lot is sold?

By admin,

A property owner in a strata corporation gave a proxy to another person to vote on their behalf at an upcoming General Meeting. Before the meeting, the property was sold, and the sale was officially recorded in the strata roll. The proxy was used to vote on all resolutions at the General Meeting, including the election of committee members. Is the proxy valid, despite the property sale occurring before the meeting?

Can residential and commercial costs be separated in mixed use strata?

By admin,

I understand the new WA Reform Act will provide an easy path if you have separate multiple strata bodies within a mixed use building. Where we have a number of commercial offices and a number of residential lots is it feasible and easier under the new Act to separate these two interests?