12First AGM must be held within 2 months after initial period

12 First AGM must be held within 2 months after initial period

12 First AGM must be held within 2 months after initial period

(1) The original owner of land subdivided by a community plan, precinct plan or neighbourhood plan must convene and hold a general meeting of the association, in accordance with this Act and the regulations, within 2 months of the expiration of the initial period.

Maximum penalty—

(a) 100 penalty units, and

(b) for a continuing offence—a further 2 penalty units for each day the offence continues.

(2) An original owner who fails to comply with this section remains liable to the penalty for the contravention even if the Tribunal makes an order under this Division or a meeting is convened or held in accordance with the order or otherwise.

(3) An original owner required to convene the first annual general meeting of an association must give at least 14 days notice of the first annual general meeting to—

(a) each member of the association, and

(b) each first mortgagee or covenant chargee of a development lot or neighbourhood lot who is shown on the association roll, and

(c) each tenant of a neighbourhood lot or strata lot who has been notified to the association in accordance with this Act as a tenant of the lot.

s 12: Am 2025 No 14, Sch 2[2].