​INVESTOR ALERT! STRATA

8 Dec 2016

From 1 December a whole raft of changes to Strata Law came into effect. Many are good reforms, such as the ability to “recycle” older blocks with less than 100% agreement to sell and attention given to illegal parking. One small change will affect owners who don’t live or work at the property - that change is the proxy voting law.

Up to now we looked through agendas for strata meetings for owners where we managed the property. If there was an issue, owners could give us their proxy votes and we went to the meeting on their behalf. Now each person can only have 1 proxy vote. If we manage your property, we will still alert you to any concerns in your Owners Corporation but you may need to attend the meeting yourself. Sorry!