FAQ CATEGORY 16/06/22

How to prepare for an upcoming AGM

Important decisions are made at strata meetings, especially the annual general meeting.

As an owner it is important to understand and get involved so you can have a say on issues that affect how you live as a group. The owners corporation must have at least one meeting every year, called an annual general meeting (AGM).

AGMs important because this is where you discuss how your complex is running, and make decisions on how it’s going to run over the year ahead.

You’ll decide the budget, and therefore how much everyone will pay in levies, potentially approve quotes for major works and special levies and appoint a committee to help run the scheme during the year.

General meetings are called when the owners need to come together to make a decision that can’t wait for the next AGM. They are usually to address a single issue. Smaller issues are usually delegated to the strata committee to handle during the year.

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