Property manager Proxy voting

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  • 11/10/2015 at 10:37 am #10196 Reply | Quote
    JC
    Flatchatter

      Note 1(b) on the Proxy form states that ‘a proxy is not authorised to vote on a matter so as to confer a pecuniary or other benefit on the proxy, if the proxy is a … or on-site residential property manager’.

      The Sec of our EC is a non-owner real estate agent with proxy of an absentee owner and the proxy recently voted on the submission of a DA to Council to legalise short term rentals in the building which they are currently managing illegally through their agency.

      Question: how significant is the ‘on-site’ part of Note 1(b), the real estate agency office is approximately 30m from our building – is this ‘on-site’ enough?  Surely the fact that they are residential property managers, highly influential on the EC (Sec), non owners, with a pecuniary interest in the outcome of their vote is enough to define a significant conflict of interest?

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    Reply To: Reply #24134 in Property manager Proxy voting
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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