Vol 18, Issue 16                                                                                  View web version    

Paddocks Press Newsletter. We make complex living simple

Hi Sir/Madam,

 

This week we share a Q&A from Paddocks Club re: the nominating and voting of trustees. 

PADDOCKS CLUB MEMBER QUESTION:

 

"We are holding our AGM on Wednesday. The present trustees except one, are willing to stand again and have been nominated. One more owner has been nominated, has been seconded and she has accepted nomination. At the AGM do we put this to the vote of all present and how many/what % have to agree? We are 30 owners/units so we must have at least 35% of owners present for a quorum?"

 

PADDOCKS CLUB ANSWER:

 

Let’s start with the quorum. PMR 19(2) provides that for a scheme with 4 or more primary sections, members entitled to vote and holding one third of the total votes in value constitute a quorum. So your scheme will need one third of the PQ values present or represented in order to form a quorum. However, PMR 19(4) states that if within 30 mins from the appointed meeting time a quorum is not present, the meeting is adjourned to the same day in the next week at the same time and if at that adjourned meeting a quorum is not present within 30 mins, the members present in person or by proxy constitute a quorum and the meeting can proceed.

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