An Annual General Meeting is not a formality. It is where owners review financials, approve budgets, discuss levies, appoint trustees and consider key decisions for the year ahead.
What to look for
- The annual financial statements and any audit notes.
- The proposed budget, levy movement and reserve planning.
- Trustee nominations and whether the board has the right skills.
- Insurance cover, maintenance priorities and unresolved owner issues.
- Any special or unanimous resolutions that affect owners directly.
Attending the AGM gives owners the chance to ask informed questions before decisions are finalised. If you cannot attend, send a proxy and read the minutes afterwards.
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