(1) A strata company
must hold an annual general meeting once in each 12 month period and not more
than 15 months after its previous annual general meeting.
(2) Subsection (1)
does not apply to a strata company for a 2-lot scheme but a strata company for
a 2-lot scheme may make by-laws having the same effect as subsection (1).
(3) The following
matters must be included as an item of business on the agenda for each annual
general meeting of a strata company (including the first annual general
meeting) —
(a)
election of council members;
(b)
consideration of accounts;
(c) the
presentation of copies of certificates and schedules for the insurance
required under this Act, current as at the date of the meeting.
(4) All business
transacted at an annual general meeting other than that referred to in
subsection (3) is taken to be special business.
[Section 127 inserted: No. 30 of 2018 s. 83.]