Question: In QLD, can a lot owner in a subsidiary scheme attend a meeting of the principle scheme as an observer?
Answer: In a layered scheme, the subsidiary scheme as a whole is technically the owner, so there is no automatic right for an owner within that subsidiary to attend.
While I’m sure you would be hoping for a straightforward yes/no answer to this query, it really is not that simple.
I am assuming you are referring to a committee meeting (there is a world of different between committee and general meetings). There is no provision for attendance as an ‘observer’. There are several provisions for attendance depending on if you are a voting, non-voting or non-member of the committee. In a layered scheme, the subsidiary scheme as a whole is technically the owner, so there is no automatic right for an owner within that subsidiary to attend. There may be other options as noted above.
Perhaps a better way of looking at this is to be clear on what you would hope to achieve by attending the meeting in question. Is it a general desire, in order to witness a process? Or is there something specific you are concerned about? There may be better ways to achieve either. Remember also that if you do attend, you are restricted in how you can participate in the meeting and indeed, you can be asked to leave in certain instances.
This post appears in Strata News #564.
Chris Irons
Strata Solve
E: chris@stratasolve.com.au
P: 0419 805 898
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