Section 19

to determine the number of members of the joint management committee and to elect the members of the joint management committee;

to consider the annual budget prepared by the developer under subsection 18(4);

subject to subsections 25(2) and (3), to determine the amount to be paid by a parcel owner as the Charges, and contribution to the sinking fund;

to determine the rate of interest payable by a parcel owner in respect of any late payment of the Charges, or contribution to the sinking fund, by the parcel owner;

to consider the audited accounts specified in subparagraph 14(1)(b)(ii);

to confirm the taking over by the joint management body of insurances effected by the developer under this

Act;

to make additional by-laws; and

to consider any other matter connected with the maintenance and management of the common property of the building or land intended for subdivision into parcels.

If within half an hour after the time appointed for the meeting no purchaser entitled to vote turns up or all the purchasers present, for any reason, refuse to be members of the joint management committee, the developer or the person appointed by the Commissioner to convene the meeting shall, within seven days of the date of the meeting inform the Commissioner of the fact and the Commissioner may—