#27815

Hi

Thanks very much for that.  Just in relation to voting with a proxy, the Dept of Fair Trading states:

There are limits on the total number of proxies that can be held. The limits held by one person are:

  • one proxy vote only for schemes with 20 lots or less, or
  • a number that is equal to no more than 5% of the total number of lots if the scheme has more than 20 lots.

If my strata schemes has 18 units and 4 garages, does that mean that it is deemed to be having more than 20 lots?