Our Trustees want to have a round robin AGM – some other Managing Agent told them that is a possibility for them. How does this work?
It basically boils down to this portion of the legislation-
PMR 17
(2) The body corporate is not obliged to hold an annual general meeting if, before or within one month of the end of a financial year, all members in writing waive the right to the meeting and consent in writing
So the operative words being that it can only be done within one month of the end of the financial year – and also that all owners must then approve all the resolutions in writing.
Practically you would but the resolutions on a circular – send it to all owners and they have to vote on each resolution in writing. If any owner vote against any of the resolutions then the process has failed and you will have to have a physical meeting.