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I am in NSW. I want to ask about company nominees and the rules surrounding them. Our building is controlled by investors who never turn up to meetings. They own big entitlements and give their company nominees over to the committee. The committee then hold multiple proxies, because we have more than 2o lots, and then they also hold huge company nominee votes.
So they are unbeatable. So much so, most people do not bother to come to meetings. There is no point, the vote is decided before the meeting. What ever the committee wants they get.
My questions are: 1. Can the committee move the company nominee votes around from committee member to committee member? Or, is it true that the company nominee must be stated in the strata roll and that must not change?
2. The new rule says company nominees are now counted as one vote? I am not sure I understand this. They way I read it is if they own a large entitlement, say 10 lots, then that vote would be measured in entitlements and we would have to count entitlements for every vote we have? Can someone explain this new rule to me please.
Thank you in advance for your thoughts and any ideas you may have to break the strangle hold on this building.
Thanks again Whoopi
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