Question: Please go over the 10% minimum for a quorum. Does the Body Corporate need to pass a special resolution order for this change to occur?
Answer: That’s right. Before that applies, you need to pass a special resolution.
That’s right. Previously, the limit was 25%. You need that percentage of voters to send in a voting paper or attend a meeting. You can reduce that to any number between 10% and 25%. So you can reduce it to 17% or 12% – whatever body corporate ones. I think most people will go all the way to 10% rather than getting caught somewhere in the middle.
Before that applies, you need to pass a special resolution. So it’s not going to apply to many bodies corporate yet because it’s only been a few months so I’d expect over the next 12 months you’ll pass your special resolution and then your next general meeting after this one is when you’re actually able to have the reduced quorum applied at the meeting.
This post appears in Strata News #488.
Todd Garsden
Mahoneys
E: tgarsden@mahoneys.com.au
P: 07 3007 3753
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