› Flat Chat Strata Forum › Living in strata › Original builder owns majority of our building, how does voting work? › Current Page
19/06/2022 at 2:24 pm
#63685
Until the original owner’s or developer’s holding drops below 50 percent of the units (unit entitlements, actually), their vote is reduced to one-third of their current holding. In this case , they’d have a vote of 7.
Also, they are not permitted to vote on whther or not to investigate defects or appoint a surveyor to do so.
You’d do well to acquaint yourself with Sections 14 and 15 of Schedule 1 of the Strata Schemes Management Act 2015.