Can you please advise if a special resolution can take place at the annual AGM, or is a special meeting needed?
In practice, special resolutions occur at both Annual General Meetings and Extraordinary General Meetings.
A special resolution is defined under Section 5 of the Strata Schemes Management Act 2015. A resolution of the Owners Corporation is a “special resolution” if:
- it is passed at a properly convened general meeting, and
- of the value of votes cast--
- not more than 25% are against the resolution, or
- if the resolution is a sustainability infrastructure resolution--less than 50% are against the resolution.
In practice, special resolutions occur at both Annual General Meetings and Extraordinary General Meetings.
So to answer your question, yes a Special Resolution can be passed at an Annual General Meeting.
Log in to your existing Lookupstrata Account to download the printable file.
The Strata Collective Managing Director Rod Smith has a Bachelor of Commerce and has been a strata manager of over 16 years. Rod currently sits on the SCA (NSW) Strata Managers Sub Committee and has previously been elected as a representative to the UDIA (development peak body) Strata Management Chapter for five years. The Strata Collective is currently the winner of the 2018 Small Strata Manager of the Year – NSW.
Rod is a regular contributor to LookUpStrata.
Lookupstrata Directory
Looking for NSW Strata Specialist in your area? Search within our LookUpStrata Directory for the best list of contacts available
Search the directory
Comments
Log in to leave a comment