Part 3 in our 7 part series

1. Strata 101- How the Body
Corporate Functions
A
7
Part
Training
Series
for
New
Queensland
Body
Corporate
Managers,
2
July
2012
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

2. Overview
1. What
is
a
body
corporate?
2. Paperwork
for
general
meeMngs
3. Conduct
of
a
general
meeMng
4. VoMng
at
general
meeMngs
5. General
meeMng
resoluMons
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

3. What
Is
a
Body
Corporate?
• A
separate
legal
enMty
• Created
when
land
is
subdivided
to
create
a
Lot
community
Mtles
scheme
owner
Lot
Lot
• Every
owner
of
a
lot
is
automaMcally
a
member
owner
owner
of
the
body
corporate
Body
• Membership
ceases
when
corporate
lot
ownership
ceases
• Must
meet
annually
‘Body
corporate
for
[name]
CTS
[number]’
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

4. Paperwork
for
General
MeeMngs
NoMce
of
Mme
and
place
Agenda
seYng
out
moMons
Proxy
form
Corporate
nominee
form
VoMng
paper
(including
any
secret
paper
and
envelope)
Explanatory
notes
AdministraMve
and
sinking
fund
budgets
Quotes
for
spending
Statements
of
account
Audit
cerMficate
Insurance
disclosure
Statement
of
meeMng
procedure
and
voMng
rights
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

5. Conduct
of
a
General
MeeMng
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

6. VoMng
at
General
MeeMngs
In
person
By
proxy
By
By
wri^en
electronic
vote
way
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

7. General
MeeMng
ResoluMons
Ordinary
Without
Special
Majority
• Simple
dissent
• Two
thirds
• Simple
majority
of
• Passed
if
no
of
votes
cast
majority
of
votes
on
the
vote
is
for
&
not
votes
of
day
counted
more
than
those
against
the
25%
of
lots
enMtled
to
moMon
in
the
vote
scheme
against
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

8. Next
Week
• How
the
commi^ee
funcMons
1. Commi^ee
powers
2. Powers
and
duMes
of
a
chairperson
3. Powers
and
duMes
of
a
secretary
4. Powers
and
duMes
of
a
treasurer
5. Proxy
voMng
at
commi^ee
meeMngs
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au

9. About
the
Presenter
Michael Teys is the Founder and Principal Lawyer of TEYS Lawyers. He has a
Bachelor of Laws and practices exclusively in the area of strata and community title
law. He is a Fellow of the Australian College of Community Association Lawyers. He
was formerly an Adjunct Lecturer with Charles Sturt University. He has also been the
CEO of a publicly listed company and one of Australia’s largest strata management
companies managing over $8B of residential and commercial property. Michael
appears weekly on SKY News Business Channel's Property Success with Margaret
Lomas and is a regular panellist for the property edition of Your Money, Your Call for
the same channel. You can read Michael’s blog at www.michaelteys.com and follow
him on Twitter at @MichaelTeys.com
Teys Lawyers practice nationally in strata and community title law representing owners corporations, bodies
corporate and apartment owners. The firm’s practice groups include building defects, strata community
disputes, strata title property law, by-law / rules and levy / fee collection.
TEYS Lawyers provide an entirely cloud based working platform for their team. The firm provides flexible
working arrangements and has remote working locations in Queensland and Victoria.
©
Copyright
2012
Teys
Lawyers
www.teyslawyers.com.au