… The owners who are concerned about due process will put a motion that the levy notice is redrafted and sent AFTER the OC approves the budget at the AGM on Dec 19…
I would make it an amendment of the budget motion with dates put in for when levy payments are due. A usual form of a budget motion would include something along the lines of:
That the Owners Corporation, by ORDINARY RESOLUTION, adopts the proposed budget (excl GST) for the year to [date], comprising expenditure of $X from the General Fund and, $Y from the Sinking Fund; with levies (incl. GST) of $A for the General Fund and $B for the Sinking Fund, to be contributed in accordance with unit entitlements, in four equal instalments due on [date], [date], [date], and [date].
I would make the first of those dates at least 28 days after the date of the AGM because the budget resolution cannot be acted on earlier if there is a reduced quorum (fewer than 50% of the units taking part in the meeting in person or by proxy.
- This reply was modified 9 months, 4 weeks ago by .