NSW Q&A Section 100: The Power to Borrow Money

Question: At our next EGM we will be voting on whether to take out a Strata Loan to cover remedial works. What procedure is required for acceptance of this Motion?   Answer: A resolution approving the relevant loan has to be passed at a general meeting of the owners corporation. Section 100 of the Strata Schemes…

Read More

NSW: Q&A EGM Motions on an Agenda

  Question: What are the protocol and procedures for dealing with requests from a Lot owner for an EGM and a motion on the agenda? Answer: Instead of convening a meeting specifically for the requirement, you may place the motion on an agenda for the next general meeting No. Schedule 1 Clause 4 (3) requires the Secretary…

Read More