Q&A: Can a Building Manager Use Proxies for Monetary Gain? (NSW)

A LookUpStrata reader wanted to understand whether it is allowed for a Building Manager to use their proxies to vote on the negotiation of their agreements.

The Caretaker / Building Managers wanted their Management agreement returned to 10 years instead of the 7 years left on original agreement. They also wanted their remuneration doubled for both of their Agreements along with back pay. They own a unit in the complex as well as the unit attached to the office being a total of 2 units.

In summary, the answer is that the proxies cannot be used because the Building Manager is seeking both an extension of term and an increase in remuneration.

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