A Simple Guide to Owners Corporation Resolutions
In this article we explain the different types of Owners Corporation resolutions and which type of resolution is required for common Owners Corporation decisions.
What is a resolution?
A resolution is a legally binding written and
recorded decision made by an owners
corporation either at a meeting or by ballot.
Ordinary resolutions
Most resolutions made in owners corporations
are ordinary resolutions. They are passed by a majority of votes either at a
meeting or via a ballot. The committee of management is delegated the power to
make ordinary resolutions on behalf of the owners corporation.
Unanimous resolutions
A unanimous resolution is passed by all lots voting in favour of a
resolution. It is required for the following:
- Changing
the plan of subdivision (including changes to lot liability and/or
entitlement).
- Disposing
of all or part of the common property.
- If
there is no common property, resolving for each lot owner to arrange their
own insurance.
- If
there are multiple single dwellings with common property, resolving for
each lot owner to arrange their own insurance.
Special Resolutions
A special resolution is passed as a final
resolution by 75% of total lot entitlement voting in favour if a ballot or poll
is taken. In any other case, it is passed by 75% of the total votes of all lots
voting in favour.
A special resolution can also pass as an
interim special resolution if at least 50% vote in favour and no more than 25%
vote against a resolution. Read More…
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