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Hello
I know someone with this scenario.
They are in a block of 20 units with different sizes of units. One of the owners is an original owner. That is, that original owner was one of the people who registered the Strata Plan with his signature visible on the plan. This owner has about 51% of the total unit entitlements. The Strata Plan was registered in 1984 in NSW.
According to the Strata Schemes Management Act 1996 Schedule 2 Section 18 (3), during a poll counting, if the original owner’s holding is over 50%, then his unit entitlement count is divided by 3.
The question I have is weather this is correct, currently, since the act (1996) is after the registration date? That is, is the current act retrospective in this regard, or did the previous act, current during the registration have the same clauses?
Thanks
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