Perhaps this has been covered, but schemes of >20 but <40 lots seem to be in a grey area.
“(a) if the strata scheme has 20 lots or less, one,” is clear enough.
“(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.” conveys that, in a scheme of up to 39 lots, the limit remains one.
I am in a block of 35. I am certainly not looking to be an empire-builder, and I don’t think any of my SC colleagues are either, but only a small minority of absentee owners typically turn up to general meetings, giving their proxies to ‘the chairman’. If they don’t know any other owners, and most of them don’t seem to, they could be disenfranchised if the chairman (or any other owner known to them and ready to be nominated) is limited to holding one proxy. Even rounding the permitted number up from 1.75 to 2 could still leave things a bit tight.