Will new proxy rules wipe out votes to the chair?

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  • 21/04/2016 at 11:52 am #10415 Reply | Quote
    Enough of Strata
    Flatchatter

      Reading the new provisions (2015 Act) Proxies given to a Lot Owner is restricted; Relevant section as follows: 

      “Division 2 – Appointment of proxies

      26 Appointment of proxies

      (7) Limit on number of proxies that may be held. The total number of proxies that may be held by a person (other than proxies held by the person as the co-owner of a lot) voting on a resolution are as follows:

      (a) if the strata scheme has 20 lots or less, one,

      (b) if the strata scheme has more than 20 lots, a number that is equal to not more than 5% of the total number of lots.”

      No where can I find that there is anything to say that where a Lot Owner is the presiding as Chairperson (vs the Strata Manager) that he / she is Not subject to that restriction.

      As many Lot owners default to nominating the “Chairperson” as their proxy (with / without specific instructions on Motions), is the Chairperson caught under these provisions as an unintended consequence under the legislation?

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    Reply To: Reply #25949 in Will new proxy rules wipe out votes to the chair?
    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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