Where the developer is a trustee, he or she is disqualified from voting on matters in which he or she has a direct interest. The legislative provisions that require the prohibition relate to the trustee’s fiduciary responsibility.
In terms of Prescribed Management Rule contained in Annexure 1 to the Regulations of the STSM Act (“PMR”) 25(1) the body corporate must, within 14 days after the approval of the annual budget at the AGM, give the members notice of their liability to pay the contributions levied, and this notice must include:
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Stratafin is a registered credit provider with the National Credit Regulator, NCRCP14950
