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    What are Management Rights?

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    Find out why this lucrative industry offers ‘lifestyle, security and high returns.'

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    Why use Management Rights Experts before buying or selling?

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    Want an honest and straight forward view of the positives and the negatives?

LOOKING FOR A CHANGE OF LIFESTYLE?

Find out why this lucrative industry, offering ‘lifestyle, security and high returns,’ is a unique business opportunity and how you and your family can secure your future, living a quality lifestyle.

Whilst a Management Rights business can offer attractive lifestyle alternatives, the purchase process can be littered with financial and legal pitfalls; this can be daunting for the first time buyer.

Our team of professionals pride themselves in delivering easy to understand layman term information on the industry. Our monthly seminars not only give you the tools to move forward confidently, they give you the professional team that know the pitfalls and how to save you from them.

Many potential owners are investing their life savings into a purchasing Management Rights businesses; the investment of three hours could be the best investment you will make in protecting and increasing your assets.

These events provide an excellent opportunity to personally approach our representatives and all speakers offer complimentary one-on-one interviews to seminar attendees.

UPCOMING EVENTS:

GOLD COAST SEMINAR SATURDAY 1st DECEMBER 2018 

Management Rights Australia (MRA) holds regular information seminars throughout the year for people wishing to buy a management rights business.

Join one of our seminars today and let us help guide you through the Management Rights maze. Bookings are essential.

Eventbrite - Management Rights Australia Seminar: December 2018

Will You Be Downloading The AGM App?

With the new strata legislation coming into effect in NSW on the 30th November 2016, day to day strata management and owner engagement will have the potential to significantly change due to the introduction of electronic voting at Owners Corporation meetings.

These changes will mean that you could be attending strata meetings in the near future by video uplink and casting votes using an app on your phone.


The new legislation allows an Owners Corporation to adopt its own preferred method of electronic participation and even allows for votes to be cast prior to Owners Corporation meetings. By the passing of an ordinary resolution, owners will be able to choose whether they will allow voting at meetings by teleconference, video-conference, email or some other electronic means. It will only be a matter of time before strata managers will be offering the capability for owners to vote via a website or a phone app managed by the strata manager. 

Owners will have the option to decide how motions are to be voted on and can choose to have votes decided by electronic votes cast at the time of the meeting (in addition to votes cast by people at the meeting) and/or by electronic votes cast prior to the meeting. To ensure electronic votes are counted correctly, electronic votes cast prior to the meeting will need to be cast strictly in accordance with the instructions provided to owners before the meeting. A motion that is to be passed by the counting of pre-meeting electronic voting will not be able to be amended at the meeting if the effect of the amendment is to change the subject matter of the original motion. This will ensure electronic votes are not cast on motions that no longer closely resemble their original form and also prevent amendments that would in turn invalidate all pre-meeting electronic votes.

Pre-meeting electronic voting has the potential to significantly streamline Owners Corporation meetings and provide greater opportunities for owners to actively engage and interact with the management of their building with the least amount of effort required on their part. With fewer barriers to participation, owner apathy should play a smaller role in reducing the number of owners that vote at Owners Corporation meetings and voting numbers should increase across the board.

Owners will need to consider not only what can be gained by allowing pre-meeting electronic voting, but also what is lost. If a motion is to be decided by pre-meeting electronic voting alone, it will mean that owners will not have an opportunity to discuss the motion at the meeting with a view to influencing how people will vote (as the vote will have already been decided). A good example is voting to confirm the previous minutes. Now, it may not be necessary to spend time discussing the merits of voting for that motion, whereas voting to change rules regarding use of the common property is likely to be a matter that owners will want to discuss in detail before voting. What matters are and are not to be solely decided by pre-meeting electronic voting will be a decision that owners will probably come to over time -  as they find what works best for their building.

With the advent of electronic voting, it also means that the need for proxies should significantly reduce as owners will now be able to vote electronically from their interstate or overseas locations. This increased ability to vote will be necessary as the number of proxies that people will be able to hold in the future is being significantly reduced. Once the new legislation commences, a person will be able to hold only one proxy in schemes which have less than 20 lots and in larger schemes, the maximum will be no more than 5% of the total number of lots in the scheme.

Electronic voting definitely has the potential to be a good thing for the management of strata buildings going forward, but no doubt there will be teething moments along the way.

Liability limited by a scheme approved under Professional Standards Legislation
Disclaimer – This article is provided for information purposes only and should not be regarded as legal advice.

 

Management Rights Articles

  • PURCHASING MANAGEMENT RIGHTS?

    Whilst a Management Rights business can offer attractive lifestyle alternatives, the purchase process can be littered with financial and legal pitfalls; this can be daunting for the first time buyer.

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