NSW: Q&A When are Pecuniary Interest Disclosures Required?

NSW: Q&A When are Pecuniary Interest Disclosures Required?

  Question: If a committee member submits a motion they have a vested interest in, shouldn’t they abstain from voting? Should the strata manager enforce this? Regarding the issue of a Strata Committee Member proposing a motion to the Strata Committee that they have a vested interest in, which constitutes a breach of conflict of…

NSW Q&A: Proxy Votes & Quorum Requirements for Annual General Meeting

NSW Q&A: Proxy Votes & Quorum Requirements for Annual General Meeting

According to Strata Community Association (NSW), here is the definition of: Proxy Voting: An owner who is unable to attend a meeting may authorise (give their proxy) to another person to exercise their vote. This is achieved via proper completion of the prescribed form. Quorum: The minimum number of owners required for a meeting to proceed….