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ARTICLE · 16 MAY 2011

The Much Misunderstood "2 Lot Strata Scheme"

Coleman Greig Lawyers
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A great many people, including some so-called experts, completely misunderstand the requirements of the Strata Schemes Management Act 1996 with regard to 2 Lot strata schemes. This misunderstanding includes what requirements do not apply to such schemes, the circumstances in which these exemptions apply (and, more importantly, when those exemptions do not apply).

AustraliaReal Estate and Construction
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By John Cotter, Accredited Specialist Property Law

A great many people, including some so-called experts, completely misunderstand the requirements of the Strata Schemes Management Act 1996 with regard to 2 Lot strata schemes. This misunderstanding includes what requirements do not apply to such schemes, the circumstances in which these exemptions apply (and, more importantly, when those exemptions do not apply).

Exemptions relating to meetings

The easiest exemptions to understand relate to meetings of the Owners Corporation for 2 Lot strata schemes and to the Executive Committee of such schemes.

A quorum for a meeting of such a scheme with two owners is always two people who are entitled to vote [Schedule 2, Clause 12(3)].

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