New South Wales Consolidated Acts
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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 157
Strata committee to consider proposal
(1) As soon as practicable (but no later than 30 days) after the
owners corporation receives a strata renewal proposal, the strata committee of
the owners corporation must consider it at a meeting of the committee.
(2)
The secretary of the owners corporation, or any other member of the
strata committee, may convene the meeting.
(3) The purpose of the meeting is
to decide whether or not the strata committee considers the
strata renewal proposal warrants further consideration by the
owners corporation.
(4) The minutes of the meeting must include-- (a) a
complete copy of the strata renewal proposal, and
(b) detailed reasons for
the decision.
(5) The strata committee must give each owner of a lot in the
strata scheme a copy of the minutes within 14 days after the meeting.
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