NSW Q&A: Can an EGM be Called to Reverse the Decision of a Majority at an AGM?

NSW Q&A: Can an EGM be Called to Reverse the Decision of a Majority at an AGM?

Question: Can an EGM be called to reverse the decision of a majority at an AGM? The owners corporation by a majority vote accepted the proposed strata levies at our AGM. Levies supported by appropriate budgets, explanations and Capital Works Funding Plan. A group of dissatisfied owners (just enough to make the 25% required for…

NSW: Q&A The First AGM, Building Defects and the Statutory Warranty

NSW: Q&A The First AGM, Building Defects and the Statutory Warranty

Question: What should lot owner’s know at the First AGM regarding building defects? Do we need to know about enforcing statutory warranties? The system is based on self- help. The owners corporation needs to enforce the statutory warranties – depending on the contract date for the works, the owners corporation may have 2 year/6 years warranties…