Every Owners Corporation (OC) holds an Annual General Meeting (AGM) once a year. For many owners, it’s easy to let the invitation sit unopened, thinking that the meeting doesn’t directly involve you.
But it does. Here’s what the AGM does, and why showing up (or providing a proxy) is one of the most useful things you can do as an owner.
It’s where your levies get approved.
What’s happening: The AGM is where the annual budget is presented and approved. The budget determines your levy contributions for the coming year.
What it means for you: This is the best time to see, in detail, where your money is going – maintenance, insurance, administration costs, and any planned works. If levies are increasing, this is where you’ll hear why.
Why it’s worth attending: Once the budget is passed, it’s locked in for the year. If you have questions about costs or want to understand a levy increase, the AGM is your window to ask before it’s finalised, not after your fee notice arrives.
Take action:
When you receive the AGM Pack (at least 14 days before the meeting), read through the financials and note any questions you have. It’s best to send these to your OC Manager by email ahead of time, so you can get a full answer before the meeting. If you raise a question on the day, we may defer it or answer it in the minutes, to keep the meeting on track.
It’s where Committee members are elected.
What’s happening: Committee positions are voted on annually at the AGM.
What it means for you: The Committee makes the day-to-day decisions on your behalf — everything from building works and resident complaints to OC financials, insurance and operations, including instructing your OC Manager and Building Manager. Who sits on it directly shapes how your building is run.
Why it’s worth attending: Your vote here matters. If you want a say in who represents your interests for the next 12 months, the AGM is where that happens.
Take action:
If you want to be more directly involved, you can nominate to be on your Committee ahead of your meeting. Our online form is simple to use, or a nomination form will be included in your AGM pack for you to send in.
It’s where major works and building issues get raised.
What’s happening: Any planned maintenance, upcoming major works, or unresolved building issues are typically discussed and put to a vote.
What it means for you: These are often the decisions with the biggest financial impact (think facade repairs, lift upgrades, or building compliance works). They also tend to be the source of levy increases in future years.
Why it’s worth attending: If a major works project is coming up, this is your chance to ask questions, understand the timeline, and vote on how it proceeds – before costs are locked in and works begin. Read more…
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