Question: If the end of the financial year falls on the weekend, do motions and nominations have to be submitted by the close of business on the last business day of the financial year?
If the end of the financial year falls on the weekend, do motions and nominations have to be submitted by the close of business on the last business day of the financial year? Can the committee secretary hold any nominations they receive until the AGM is about to be called or must they be submitted to the systems manager, who would be organising the AGM, before the end of the financial year?
Answer: Motions and nominations can be submitted at any time before the Body Corporate’s end of financial year.
Motions and nominations can be submitted at any time before the Body Corporate’s end of financial year (even if this means submitting the motion or nomination on a weekend).
The modules then provide that a motion or nomination submitted to the secretary by a member of the body corporate will only be included in the agenda for an AGM only if the secretary receives the motion before the end of the body corporate’s financial year immediately preceding the meeting. Accordingly late motions cannot be included (although the committee can decide to include its own motions after the EOFY).
This post appears in Strata News #619.
Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753