What is an AGM and do I need to attend?

The Annual General Meeting (AGM) is the most important meeting in the body corporate calendar. Under the BCCM Act, it must be held within 3 months of the end of the scheme's financial year. At the AGM, owners: - Approve the budget and levy amounts for the coming year - Elect committee members - Vote on motions submitted by the committee or individual owners - Receive the previous year's financial statements You are not legally required to attend, but attending — or voting by proxy or written ballot — is the best way to have your say on how the scheme is run. Low owner participation means a small number of engaged owners can effectively control all decisions. Even attending the AGM and voting on the budget is far better than taking no interest at all. This article is general information only and not legal advice.