Question: We are a two lot Strata. The other lot owner is overseas for 12 months. How do I write an explanation instead of holding an AGM until they return next year?
Answer: The other lot owner should appoint a proxy to ensure the owners corporation meets its legislative obligations.
We do not recommend delaying the AGM due to the requirement set out below in the Strata Schemes Management Act, 2015 (NSW)(emphasis added):
18 AGM must be held
An owners corporation must hold an annual general meeting once in each financial year of the corporation.
The other lot owner should be appointing a proxy to ensure the owners corporation meets its legislative obligations.
This post appears in Strata News #660.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440