The Act outlines meeting obligations for bodies corporate. Particular requirements are made for the 1st AGM.
The 1st AGM must be held within two months of the first of the following occurring:
The 1st AGM agenda must include:
Every other AGM must be held within three months of the end of the body corporate financial year. Written notice must be given to the owner of each lot and must include:
Standard Motions to be voted on the AGM include:
Notice must be given to owners at least 21 days prior to the date of the meeting.
For an AGM, a quorum is reached with representation of at least 25% of eligible voters, provided two voters are present.
A copy of the AGM minutes must be distributed to the owners within 21 days.
If issues arise which need to be decided before the next AGM, an EGM may be held. This meeting may be called by the committee, secretary, or a lot owner with a request signed by the owners of at least 25% of all lots in the scheme. If a request is received from a lot owner, the EGM must be called within 14 days, and held within 6 weeks of the date of submission of the request.
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