AGM and Financial Statements

AGM and Financial Statements

• What happens in instances where there are less than 4 members in a sectional title – if less than 4 members all must be trustees. What if an owner is unwilling to stand?
• If an owner is in arrears with levy payments, can he/she vote?
• In the case where managing agents have existing fidelity cover, do the schemes need to have their own or separate cover?
• Who must audit the financial statement?
• How must an annual return be submitted?