A proxy can help you as much as they can frustrate you. You walk into a meeting thinking you or your committee have the numbers and that person with all those proxies stands up and you get done again. Or you hold the numbers because you have the fist full of proxies. Democracy by Proxy I call it.
Just like the Blue Chips of Australia, when crunch time comes things get carried by Proxy votes. Well most times any ways.
And you? (Well you could call your Owners Corporation a Blue Chip if its in good financial nick). You as a lot owner are entitled to attend Annual General Meetings, Special General Meetings and and have proxies from fellow lot owners or give your proxy to another lot owner/committee member or outside representative.
In coming weeks we will explore the good, the bad and the ugly of the Proxy. Until then remember, your developer, even working via a related property management entity can not gather proxies via, for example a real estate management arm, and seek to appoint new managers and contracts by use of those proxies as they are a conflict of interest under the Owners Corporation Act 2006 Victoria.