Sectional Title Meetings Explained

Not all meetings in a sectional title scheme are the same. Here’s what owners and trustees need to know:

Annual General Meeting (AGM)

• Must be held once a year (within 4 months of financial year-end)
• At the AGM, members (all owners) make key decisions, including:
  • Approving budgets (which determine levies)
  • Reviewing trustee reports and financial statements
  • Confirming insurance schedules and cover levels
  • Appointing the auditor
  • Electing trustees for the next financial year
  • Approving or reporting on changes to Conduct/Management Rules

Special General Meeting (SGM)

• Held anytime during the year if a specific decision needs to be made by members.
• SGMs ensure important issues aren’t delayed until the next AGM.

Trustee Meetings

• Held regularly to manage the day-to-day running of the scheme.
• Only trustees vote, but owners, bondholders, and managing agents may attend (without voting rights).
• Trustees handle matters like approving maintenance quotes, appointing service providers, or considering applications from owners.

💡 Why it matters: Understanding the purpose of each meeting helps owners know when their voice counts and when trustees take the lead.