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Showing posts with the label Strata Committee Meeting

Value Your Investment with Strata Committee Meetings

The owners corporation needs to elect a strata committee and then can designate some of its functions to this committee. The strata committee's role is to settle on faster decisions on the day-to-day issues and management of the scheme. Any decision made by the Strata Committee is treated as a decision of the owners corporation. Strata committee members are responsible for electing office bearers - Chairperson, Secretary and Treasurer. This normally happens at the first committee meeting after the annual general meeting. Strata committee meetings can be held as regularly as the members like, the Secretary can call a meeting or one third of the strata committee members can ask the Secretary, or any other committee member, to arrange a meeting. Every member of the strata committee, and every lot owner, should be informed of a planned Strata Committee Meeting at least 3 days before the meeting is due to be held. The notice of the meeting must include a detailed agenda for the meeti

Find Effective Strata Committee Meetings in Sydney

The strata committee represents owners or owners' nominees. The strata committee is responsible for the day-to-day running of the strata scheme and is elected at each annual general meeting (AGM). It can have from 1–9 members, but in a two lot scheme both owners must be members. A large scheme (more than 100 lots) must have at least 3 members of its committee. Once the Strata Committee is elected, the members of the committee choose who is to hold the office-bearer positions. The office-bearer positions are Chairperson, Secretary and Treasurer. The following are eligible for election to the strata committee: An owner A company nominee of a corporation that is an owner An individual who is not an owner, but who is nominated by an owner who is not standing for election. If a vacancy occurs during the term of the Strata Committee, the Owners Corporation must appoint an individual to fill the vacancy until the next AGM. Co-owners can only be nominated by: An owner who i