It’s Your Investment; Get Involved!


BY: KATIE TODD, TEAM LEADER

Why don’t owners vote nor have an interest in their body corporate?

Many Community managers are often amazed by the lack of response from owners regarding attendance at their annual general meeting (AGM).

AGMs occur once a year and generally take about 1-2 hours. For a meeting to be convened, 25 per cent of the voters must be present either in person, by voting paper or by proxy (having someone vote in your place).

Many complexes cannot fulfil the 25 per cent attendance threshold at their AGM, which can be annoying to those who actually did take the time out of their busy schedule to be there.

This means the meeting cannot be held and must be adjourned and reconvened to the same time, same place, and seven days later. However, there is an easy solution to this problem; fill out a voting paper or arrange for someone to take your place.

If you are unsure on how to do this, contact your community manager or the chairperson of your body corporate to assist you.

Remember, it is okay not to understand what it is all about, and be unsure which way to vote. However, it is not okay to do nothing, claim ignorance and then complain about the lack of progress or results.

As community managers we sometimes struggle to get enough owners on a <a href=”http://www.livinginstrata.com.au/articles/qld/the-committee/role-of-the-committee”>committee</a> – the minimum needed is only 3; the maximum is 7. It is surprising that sometimes not even 3 people are bothered about what goes on with their investment and how the budget is spent.

There are usually 3-4 committee meetings per year with an allowance of 2-3 hours per meeting. That equates to 12 hours per year out of 8,544 hours. We have the facility at SSKB for committee members to be present by tele-conference if unable to physically attend.

You do not need any special qualifications to be on the committee – SSKB and your community manager have the tools and expertise to assist you. Committee members come in all shapes and sizes: some work full-time, some are retired, some are parents with children at school, and some are full-on business magnates.

We need you all to step up and help your fellow owners. After all, it is your money!

You can be present at a committee meeting even if you are not on the committee; you can attend as an interested owner, or an observer.

You may be asked to leave the room if confidential matters are discussed; however, you will get to know what is going on in your building and how and why decisions are made that will affect you as an owner. (Please note you must give your community manager 24 hours notice you are attending the meeting as per legislation).

Please give it some thought and support your fellow owners.

Get involved; call your community manager today and find out how you can help.

Help us help you.



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