What is a Strata Annual General Meeting?
The owners corporation in every strata scheme must hold at least one Annual General Meetings (AGM) every year and they are probably the most critical strata meetings for owners to attend.
All kinds of residential strata properties (apartment buildings, caravan parks, multi-dwelling developments and retirement villages) and commercial or retail properties, are required to hold an Annual General Meeting.
Legislation dictates that all owners must receive a minimum of 7 days written notice of a forthcoming AGM.
During an annual general meeting, property owners come together to discuss and vote on important issues such as:
- common area by-laws
- legislative changes
- financial decisions
- the appointment of committee members to oversee the running of the complex.
There are certain agenda motions which are prescribed by legislation, but individual owners or the strata committee can propose additional motions. Only motions included on the agenda can be voted on.
If an owner wants a motion placed on the agenda, they must contact the secretary in writing, providing the motion and an explanation as to why it is being proposed.