Thursday, October 1, 2020

Strata Schemes Management Act 2015 No 50

Part 1
Section 5

Resolutions of owners corporations | Section 5

(1)  In this Act, a resolution of an owners corporation is a special resolution if—

(a)  it is passed at a properly convened general meeting, and

(b)  not more than 25% of the value of votes cast are against the resolution.

(2)  For the purposes of determining a special resolution, the value of a vote in respect of a lot is equal to the unit entitlement of the lot. However, if the total unit entitlement of lots of the original owner is not less than half of the aggregate unit entitlement, the value of the vote in respect of those lots is taken to be reduced by two-thirds (ignoring any fraction).

(3)  In this Act, a resolution of an owners corporation is a unanimous resolution if it is passed at a properly convened general meeting and no vote is cast against the resolution.

Note.

A motion or election that is not required to be approved by a special resolution or unanimous resolution is passed by a simple majority of votes (see clause 14 of Schedule 1).

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Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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