14First AGM must be held within 2 months after initial period

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

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

(1) The original owner or, in the case of a leasehold strata scheme for which there is no original owner, the lessor of the leasehold strata scheme must convene and hold a meeting of the owners corporation, in accordance with this Act and the regulations, not later than 2 months after the end 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 or lessor who fails to comply with this section remains liable to the penalty for that contravention even if the Tribunal makes an order under this Division or a meeting is convened and held in accordance with the order or otherwise.

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

(a) each other owner and each first mortgagee and covenant chargee shown on the strata roll, and

(b) each tenant of a lot in the strata scheme whose name has been notified under a tenancy notice as a tenant of the lot to the owners corporation in accordance with this Act.

s 14: Am 2025 No 14, Sch 1[3].