Question: Who is entitled to vote to increase the number of committee members for a principal scheme to up to 12 as allowed under the new regulation changes?
Who is entitled to vote to increase the number of committee members for a principal scheme to up to 12 as allowed under the new regulation changes? Then how are the members voted in if there are more nominations than positions? Who is entitled to vote then?
For Example, our layered scheme subsidiaries, 6 lots, 24 lots and 1 undeveloped lot. Currently, the PBC committee consists of 1 representative from each subsidiary scheme.
Answer: If the PBC has 7 or more members, it can pass an ordinary resolution to increase the number of committee members to a maximum of 12.
If the PBC has 7 or more members, it can pass an ordinary resolution to increase the number of committee members to a maximum of 12. So it is decided by the PBC members (which can be bodies corporate or standalone lots depending on how the layered arrangement has been structured). If there are more nominations than positions available, a ballot would take place.
It does not sound like the below PBC would have 7 or more members if it has 2 bodies corporate and an undeveloped lot as its members.
This post appears in Strata News #455.
Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753