3.9 Special considerations applicable to a scheme’s first strata manager | Owners Corporation Network

3.9 Special considerations applicable to a scheme’s first strata manager

If you’ve bought off the plan, the strata manager that the developer has brought to your first annual general meeting to be approved will have been employed to set up accounts, records and insurance, and to call the meeting itself.  You really have no choice but to appoint them as it is unlikely at this stage an alternative will be presented. However their appointment term is only for 12 months and will expire at the end of the period. 

Relevant NSW Legislation: Strata Schemes Management Act (2015)

Section 26: Initial period restrictions – An owners corporation cannot appoint a strata manager for a period extending beyond the holding of the first annual general meeting.