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What is a special resolution?
Oct 10, 2022, 15:56 PM
Title :
What is a special resolution?
A special resolution means that when passing the resolution at a general meeting there must be at least 50 per cent of lot proprietors who hold a minimum of 50 per cent of unit entitlement voting for the motion.
It cannot be 25 per cent or more lot proprietors, or proprietors of a lot with 25 per cent or more of their respective unit entitlement, voting against the motion, either at the meeting or, if not either in attendance personally or by proxy, in writing within 28 days after the meeting.
This form of resolution is required in certain circumstances, for example if amendments are to be made to the Schedule 2 by-laws of the strata company.
The Act will nominate if a special resolution is required.
Proprietors must be financial in order to vote.
Source: Understanding Strata Titles by John Angus
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