Reply To: Developer stacks votes to keep control of scheme

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14/11/2022 at 11:09 pm #66232
CountryBumpkin
Flatchatter
Chat-starter

    Hi Jimmy,

    I’ve answered the first part of my post re the legislation that says “Until the owner has sold more than 50 percent of the units, the voting power of their unit entitlement is reduced to one third of the actual figure.” I found it in Schedule 1, Part 3 (14.2) of the Act.

    Which leaves my more important question – can a developer vote using their Development Lot unit entitlements even if they have exempted themselves from paying any Strata Contributions through a clause in the Strata Development Contract?

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