New South Wales Consolidated Acts
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STRATA SCHEMES (FREEHOLD DEVELOPMENT) ACT 1973 - SECT 28P
Meetings of body corporate relating to development concerns
(1) A motion, the passing or defeat of which at a meeting of the
body corporate or of the council of the body corporate would have the effect
of making a decision about a development concern, must be: (a) identified as
relating to a development concern in the notice for the meeting, and
(b)
moved separately from any other kind of motion.
(2) An extraordinary general
meeting of the body corporate for the purpose of making a decision about a
development concern may be convened under Schedule 2 to the
Strata Schemes Management Act 1996 by the developer or the proprietors of not
fewer than one quarter of the lots in the strata scheme concerned that are not
development lots.
(3) In convening any such extraordinary general meeting,
the developer or any of those proprietors may give notice of the meeting on
behalf of the council of the body corporate.
(4) The presence of the
developer (or, if the developer is a corporation, of the company nominee of
the corporation) constitutes a sufficient quorum for any meeting of the
body corporate or of the council of the body corporate of which notice has
been duly given, but only while business relating to a development concern is
being dealt with.
(5) For the purpose only of allowing development permitted
by a strata development contract to be carried out, a developer (or, if the
developer is a corporation, the company nominee of the corporation) may
exercise such of the other functions of a body corporate bound by the contract
or of any other person having functions under the strata scheme concerned as
may be prescribed by the regulations.
(6) This section has effect despite any
other provision of this Act.
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