New South Wales Consolidated Acts

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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 160

Establishment of committee

160 Establishment of committee

(1) If the owners corporation passes a motion that the strata renewal proposal warrants investigation by a strata renewal committee, the owners corporation must, by resolution at a meeting:
(a) establish a strata renewal committee to prepare a strata renewal plan for the strata scheme, and
(b) elect its members.
(2) A person who has a financial interest in more than 25% of the lots (other than utility lots) in the strata scheme must not vote in a resolution to establish a strata renewal committee or be elected as a member of the committee unless the person has disclosed that fact to the owners corporation.
(3) The strata renewal committee must consist of a chairperson and the number of other members, not more than 8, determined by the owners corporation.
(4) A strata renewal committee is taken to be established on the day its members are first elected under this Division.
(5) A motion for the resolution to establish a strata renewal committee may include forms of motion for the matters the owners corporation considers appropriate, including the matters referred to in clause 2 of Schedule 7.



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