Strata Management Act 2013 · s 58

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58.
First annual general meeting of management corporation
The agenda for the first annual general meeting of a management corporation shall include the following matters:
(a)	 to determine the number of members of the management committee and to elect the management committee where there are more than three proprietors;
(b)	 to consider the budget prepared by the developer under subsection 57(4);
(c)	 to decide whether to confirm or vary any amount determined as the Charges, or contribution to the sinking fund;
(d)	 to determine the rate of interest payable by a proprietor in respect of late payment charges;
(e)	 to consider the audited accounts of the management corporation specified in subparagraph 55(1)(b)(ii);

Act 757
(f)	 to decide whether to confirm, vary or extend the insurances effected by the developer for the management corporation under this Act;
(g)	 to make additional by-laws; and
(h)	 to consider any matter connected with the maintenance and management of the common property of the subdivided buildings or lands.
Duties and powers of management corporation

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s 58First annual general meeting of management corporation

The agenda for the first annual general meeting of a management corporation shall include the following matters:

(a)

to determine the number of members of the management committee and to elect the management committee where there are more than three proprietors;

(b)

to consider the budget prepared by the developer under subsection 57(4);

(c)

to decide whether to confirm or vary any amount determined as the Charges, or contribution to the sinking fund;

(d)

to determine the rate of interest payable by a proprietor in respect of late payment charges;

(e)

to consider the audited accounts of the management corporation specified in subparagraph 55(1)(b)(ii);

(f)

to decide whether to confirm, vary or extend the insurances effected by the developer for the management corporation under this Act;

(g)

to make additional by-laws; and

(h)

to consider any matter connected with the maintenance and management of the common property of the subdivided buildings or lands.

Duties and powers of management corporation