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As I understand it:
For schemes with more than 20 lots, a person will not be able to hold proxies for more than 5% of the total number of lots in that scheme (rounded down to the nearest whole number).
Say 5% of my strata equals 2 lots and I find myself with 3 proxies, that is in excess of 5%.
Can I merely pass the surplus proxy – as is – to anyone (who has less than 2 proxies) or must a notation be made on the said proxy by me or by the original proxy giver to indicate who it is that shall be exercising the proxy at a meeting?
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For clarity’s sake, 0-39 lots allow one proxy vote per proxy holder, 40-59 allows two proxy votes, 60 to 79 allows three etc etc.
You can’t just pass on the votes to another person but the standard proxy form has a space for the lot owner who’s giving you the proxy to nominate a second person to carry the proxy if you are over the limit.
The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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