AGM every 8 months?

Jimmy-T · 2021-05-08T11:23:35+10:00

TrulEConcerned wrote: This week I received an email from the managing agent informing me that the AGM would be held in July. I quickly wrote back asking “why in July when we had the last one in Nov”? The law currently allowes for one AGM per financial year - it no longer had to aoccur on or near the last anniversary. In extreme circumstances, theoretically your next AGM (after this one) could feasibly be in June 2023. But that's hypothetical. It may be that your committee has some post-lockdown housekeeping to do or just wants to get the schedule more closely related to the financial year. Or maybe the office-bearers want to take a holiday in the summer and reasonably assume that many other residents would prefer to do so too. The most common complaints in this forum about the timing of AGMs is their infrequency. At least you have been given plenty of advanced warning and unless there is something sinister in the offing, I can't really see what the problem is, apart from the lack of a note from the strata manager or committee simply explaining why the change is being made.

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08/05/2021 at 9:18 am #55798
TrulEConcerned
Flatchatter
In a strata where the Sec/Tsr has ruled the Strata Committee for nearly 30 years – it is now a 2 person show, made up of him and another who serves as his echo – the shenanigans are chronic.

This week I received an email from the managing agent informing me that the AGM would be held in July.

I quickly wrote back asking “why in July when we had the last one in Nov”?

No reply has been forthcoming. Odd to say the least, as the current managing agent is usually quick to respond.

Can an AGM be held so soon after the previous one?

Can I object to the cost of such an unnecessary extravagance, when there seems to be no basis for this change.

If the reason for an early AGM is that the Sec/Tsr cannot attend an AGM around the anniversary of last year’s AGM, then surely that’s his problem. He cannot impose on the owners the unnecessary expense on an early AGM just to suit his personal timetable, or can he?

I asked his echo on the SC for her views and she was unaware of the managing agent’s email on the AGM.
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08/05/2021 at 11:23 am #55808
Jimmy-T
Keymaster
TrulEConcerned wrote:

This week I received an email from the managing agent informing me that the AGM would be held in July. I quickly wrote back asking “why in July when we had the last one in Nov”?

The law currently allowes for one AGM per financial year – it no longer had to aoccur on or near the last anniversary. In extreme circumstances, theoretically your next AGM (after this one) could feasibly be in June 2023.

But that’s hypothetical. It may be that your committee has some post-lockdown housekeeping to do or just wants to get the schedule more closely related to the financial year.

Or maybe the office-bearers want to take a holiday in the summer and reasonably assume that many other residents would prefer to do so too.

The most common complaints in this forum about the timing of AGMs is their infrequency.

At least you have been given plenty of advanced warning and unless there is something sinister in the offing, I can’t really see what the problem is, apart from the lack of a note from the strata manager or committee simply explaining why the change is being made.

The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
08/05/2021 at 11:24 am #55807
Pistonbroke
Flatchatter
Why are there only 2 people on the executive committee? If you or other owners can’t be bothered with the management & maintenance of your largest investment you will end up with a few who will rule the roost.

You only need to nominate yourself at an AGM to get involved
09/05/2021 at 11:42 pm #55812
TrulEConcerned
Flatchatter
Chat-starter
Hey Pistonbroke – you ask why am I not on the committee. The plan has 5 lots. In the past every lot was on the committee. The Sec/Tsr a few years back demanded that I not be (re) elected to the committee by setting the number of members no longer at 5 but at 2: him and an elderly woman (was his choice), the latter who serves as chairman but in truth as his echo, asking no questions and offering no opinion. The Sec/Tsr persuaded an elderly male owner who suffers from major memory problems to give him the latter’s proxy. This way the Sec/Tsr has 3 out of 5 votes before even consulting the 5th lot.

Why did he tell the other owners that he could not sit on the committee if I was elected? Simple, he took a dislike to my demands for transparency where I insisted on quotes before work was performed for the OC, where he prefers no quotes. He also prefers to be paid by the managing agent without revealing such pmts to the OC. Also he never forgot that I unearthed an invoice for another lot’s stove replacement which he as Tsr many years ago paid for with OC funds. You read right. The OC thereafter insisted he repay this amount, which I suppose he did years later (but can’t recall) and am confident any pmt was without any interest or other penalty.

I also understand he inquired with others about my history as Tsr of a very large strata in Sydney for 9 years, where there too I demanded transparency; but there everyone on that committee was happy with such an attitude by me.
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The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.