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Thanks Jimmy. That is welcome news.
Can you quickly clarify whether a company nominee vote is regarded as a proxy vote, which will have limitations) or is simply just an extension of an owners vote, which has no limitations eg the above situation is occurring because the agent is the company nominee for about 20% of the properties in the scheme, giving themselves a huge head start over others, particularly owner occupiers and independents, with the apathetic a long last.
If this is the case the changes to proxy farming actually makes it more difficult to keep the wolves out of the hen house. Previously the owner elected to give proxies to the various agents who managed their properties, but this changed to company nominee when this agent made his first, and successful, attempt to change the status quo and remove the strata manager, who did nothing more than not approve everything asked for, and got too close to the sun(overcrowding and illegal constructions in these properties).
Their latest attempt(for exactly the same reasons) was able to be defended by obtaining more than 25% opposing the motion, but this position will be under threat again(“we’ll be back to get you next time”) and possibly easier given the proxy farming restrictions(which I have supported in the past).
They sought to replace the EC with two real estate agents who manage properties in the building, a former real estate agent and owner and two investor owners he manages apartments for, all with apartments which have been identified as overcrowded and/or illegal constructions.