An owners corporation that receives or pays out money in a financial year must hold an annual general meeting, and the time between AGMs must not exceed 15 months. The person convening it prepares an agenda that must include election of the committee (where one is required), appointment of a manager where applicable, details of insurance, fees fixed during the year, financial statements, the maintenance plan report, the complaints report and any other prescribed matters. Written notice stating date, time and place, the agenda, the text of any special or unanimous resolution and the other prescribed contents must be given to each lot owner at least 14 days before the meeting; electronic notice is permitted.
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