Notice of Annual General Meeting Mirage Apartments Strata Plan BUNN ST, PYRMONT NSW 2009

Transcription

1 «Line1» «Line2» «Line3» «Line4» «Line5» «Line6» Notice of Annual General Meeting Mirage Apartments Strata Plan BUNN ST, PYRMONT NSW 2009 Tuesday, 22 March 2016, at 6:30 PM Venue: Hunter Room, Novotel Darling Harbour 100 Murray Street Pyrmont Light refreshments provided. Parking is available at Mirage Apartments on the night of the meeting by contacting the Building Manager, Bashir

2 Meetings participation As your scheme s strata manager, Bright & Duggan encourage and welcome maximum participation by all owners in the management of your investment. The owners corporation is the decision making body of a strata scheme or community and is entrusted with the day-to-day running, the financial management and the long term viability of the scheme. The owners corporation is also responsible for the maintenance and upkeep of all common property and has a duty of care for the safety of all persons who enter the property under the WHS legislation. In the current litigious environment this is particularly important for all owners. The owners corporation operates by conducting meetings, the most important of which is the annual general meeting. Decisions for and on behalf of owners can only be made through correctly convened meetings. The 2 most important decisions made at an annual general meeting are: the raising of the administration and sinking fund levies for the year the election of the executive committee. Levies are the working funds of the scheme and directly affect each and every owner. The executive becomes the working representative of the owners and is responsible for the day-to-day running of the scheme. Meetings are your forum for learning what is happening in your scheme and for having your say. Many owners ring Bright & Duggan querying, or unhappy about, decisions made concerning their building without having made the effort to attend the AGM. Bright & Duggan have always found that those buildings which have proactive owners who diligently attend meetings and participate in the decision making of the scheme are always better run, maintaining higher asset values and enjoying superior lifestyle enjoyment. If you cannot attend you can still participate by filling in the enclosed proxy form. All meetings require a specified percentage of owners present (either in person or by proxy) to reach a quorum to proceed. Adjourned meetings cause delays in the decision making process and incur additional charges to the scheme. For these reasons we encourage all owners to attend your upcoming AGM.

3 SP Agenda AGM+ECM 22-Mar-16 A G M A G E N D A 6:30 PM, Hunter Room, Novotel Darling Harbour, 100 Murray Street Pyrmont 1 CHAIR OF THE MEETING 1.1 Chair of the Meeting That the meeting elect a Chairperson. The Owners Corporation Chairman would ordinarily chair this meeting as per the Act. Pursuant to the delegations to Bright & Duggan, and with the consent of the meeting, it is customary for the managing agent to Chair the meeting. 2 Confirmation of Minutes 2.1 Confirmation of the Minutes 3 Finance 3.1 Financial Position That the minutes of the last annual general meeting held 28 April 2015 be adopted (copy attached). That the audited statement of financial position and performance for the year ended 28 February 2016 be adopted (copy attached). For any account enquires please phone Ben Cabello during office hours prior to the meeting. 3.2 Auditor That the accounts and financial statements be audited to Australian Auditing Standards for the financial year ending 28 February 2017 for presentation to the next annual general meeting. Large strata schemes over 100 lots must appoint an auditor. 3.3 Levy Contributions a) That contributions to the administrative and sinking funds be estimated in accordance with the budget and section 75 and determined in accordance with section 76 on a continuing basis at: Administrative fund $ 927, Sinking fund $390,680 or $ 416, b) That the contributions be collected over this financial year, effective from 15 June The proposed budget represents either a 2% or 3% levy increase respectively allocated to the sinking fund. 1

4 SP Agenda AGM+ECM 22-Mar-16 4 Governance 4.1 Executive Committee That in accordance with clause 16 of schedule 2: a) nominations be called for the executive committee; b) the number of executive committee members be determined; c) the executive committee be elected In accordance with Schedule 3, Part 1(3A) a person may not be elected to the Executive Committee unless that person discloses any connection that they may have with the Original Owner or the Caretaker. The number of Executive members must not be less than one (1) and not greater than nine (9). Executive members represent the Owners Corporation to administer the dayto-day running of Mirage Apartments in accordance with the Strata Schemes Management Act. Members are expected to act professionally with honest and impartiality, placing the interests of the Owners Corporation above their own. Nominees should consider their availability to attend monthly Executive Committee meetings. 4.2 Restricted Matters That, in accordance with section 34(g) of Schedule 2, the owners corporation determine whether to further restrict the executive committee powers in respect of dealing with any matters or types of matter. The Owners Corporation can choose whether or not to further restrict the Executive Committee above and beyond the confines of the Strata Schemes Management Act. 4.3 Spending Restrictions That, in accordance with section 80A(2), the owners corporation remove the limitation on budgeted expenditure placed by section 75(5): a) generally; or b) in respect of certain items to be determined at the meeting. Executive Committees of large strata schemes (over 100 lots) may not spend greater than 10% above any budgeted line item. This restriction can be amended so that the Executive Committee may not spend greater than 10% of the total budget. 4.4 Management Agreement a) That the owners corporation renew the agreement with Bright & Duggan Pty Ltd as its strata managing agent and delegate functions to it on the terms and conditions as set out in the management agreement tabled at the meeting; b) And that the owners corporation nominate and authorise two owners or members of the executive committee to execute and affix the common seal to the management agreement; c) And that the management fee be $30, per annum including GST commencing 22 March

5 SP Agenda AGM+ECM 22-Mar Continued See pages 1 & 2 of the agreement attached. The remaining pages have been excluded in the interests of the environment and to minimise disbursement costs. To view the full terms and conditions of the agreement, including fee schedules, please go to the Bright & Duggan website: click on the agreement link view Standard Strata Agreement 5 Asset Maintenance 5.1 Insurance Renewal a) That the Owners Corporation confirm the current insurance policy is effected (certificate of currency attached). b) That the Strata Managing Agent be authorised to effect statutory insurances required to be taken out by the Owners Corporation under section 83 and Property Revaluation 5.3 WorkCover Lift Registration 5.4 Building Management Contract 5.5 Security Services Contract a) That a revaluation be carried out for insurance purposes - the last valuation being carried out on 28 May b) That the strata manager adjust the sum insured on the building and common property in accordance with the building valuation. That regarding lift registration due 16 March 2017, pursuant to WH&S 2011: a) the strata manager be authorised and instructed to prepare, sign and lodge the Work cover Statement, based on the lift contractor's maintenance statement, the lift is maintained and safe to operate; OR b) an independent lift consultant be appointed to undertake safe to operate testing. That The Owners - Strata Plan enter into an agreement with Complete Building Services ABN commencing 1 April 2016 for a term of three years at $8, inc GST per month (excluding CPI increase due 1 April 2016), with CPI increases on the anniversary date, to provide building management services to Mirage Apartments in accordance with the scope of work in the agreement tabled at the meeting. That The Owners - Strata Plan enter into an agreement with Four Star Security Services ABN commencing 1 April 2016 for a term of three years at $15, inc GST per month (excluding CPI increase due 1 April 2016), with CPI increases on the anniversary date, to provide security services to Mirage Apartments in accordance with the scope of work in the agreement tabled at the meeting. 6 MOTION REQUIRING A SPECIAL RESOLUTION 6.1 Special Bylaw Smoking In response to concerns raised by residents about smoke drift the Executive Committee proposes the Owners Corporation to discuss and consider a by-law to make Mirage Apartments a smoke free building. Whilst strata legislation reform effective 1 November 2016 may include a by-law concerning smoke drift, new model by-laws are not retrospective to an existing strata scheme. The following by-law is recommended by Cancer Council NSW for strata schemes to adopt. Comprehensive information about implementing a smoke free environment in a strata schemes can be found at: 3

6 SP Agenda AGM+ECM 22-Mar Continued That The Owners Strata Plan specially resolve, in accordance with section 47 of the Strata Schemes Management Act 1996, to create a by-law in the following terms: Special By-Law 20 Smoking in Accordance with Strata Schemes Management Act 1996, Sections 47, 117 and The proprietor or occupier of a lot must not smoke nor allow smoking within a lot or within the common property. 2. Without limiting paragraph 1, the proprietor or occupier of a lot must not allow any invitee to smoke within his/her lot or upon common property. 3. The Owners Corporation delegates to the strata managing agent responsibility for: a. The service of a notice, in a form approved by the Director-General, on the owner or occupier of a lot requiring the owner or occupier to comply if satisfied that the owner or occupier has contravened this by-law; and b. Commencing legal proceedings seeking Orders, requiring a person who fails to comply with a notice served in (a), to pay the statutory pecuniary penalty and any costs of the Owners Corporation in the proceedings. Date of notice: 9 March 2016 Reference to a section is reference to a section in the Strata Schemes Management Act & Regulations 1996 unless otherwise stated. N.B. PROXIES DO NOT REMAIN VALID INDEFINITELY Completed proxy forms must reach the owners corporation secretary or the strata manager at least 24 hours before the meeting Please see the attached form advising how to fill in a proxy form. The proxy form must be signed by all owners of the lot, and by the proxy. You will not be able to vote at the meeting in respect of your lot unless you are financial at the time of the meeting. If you are unsure as to your financial status, please ask the strata manager prior to the meeting. 4

7 SP Agenda AGM+ECM 22-Mar-16 NOTICE OF EXECUTIVE COMMITTEE MEETING STRATA PLAN Tuesday, 22 March 2016, 100 Murray Street Pyrmont to be held immediately following the annual general meeting A G E N D A Minutes Office Bearers Remedial Building Work That the minutes of the previous executive committee meeting held 7 February 2016 be adopted. That the executive chairman secretary and treasurer be appointed. That the meeting table an update from Doyle Edwards Anderson Lawyers regarding the dispute of contract with SRG Limited. And table the fee proposals obtained for a building consultants expert report on the defects affecting the property that can be used in any potential litigation. Common Property That the conditions and use of common property be discussed and action taken to rectify any faults or problems. 1. Foyer refurbishment subcommittee meeting with Australian Interior Landscapes 2. Child safety window devices installation Magic Glass update 3. Lot 121 external shop entrance remediation Rockwood Group 4. Bollard lighting replacement 5. Carpet replacement quotations 6. Internal painting quotations 7. Swimming pool amenities refurbishment 8. Window cleaning quotations 9. Fire emergency assembly diagram General Business Next Meeting: Please note: Owners or their nominees may attend executive committee meetings, but may only address the meeting with committee approval. Date of notice: 9 March

8 MINUTES of the Annual General Meeting of SP 54229, Mirage Apartments held Tuesday, 28 April 2015 Present in Person: Lots 2, 7, 11, 27, 32, 36, 57, 69, 73, 88, 91, 92, 93, 94, 108, 112, 116, 117, 118, 120, 121, 126, 128, 136, 146, 149, 150, 187, 190, 192, 204, 206, 207, 208, 209, 210, 215 & 217 Present by Proxy: Attending: Lot 13 to Aaron Swayn Lot 177 Rita Mule Lot 221 to Joan Griffin Lots 2, 6, 9, 18, 28, 81, 86, 106, 173, 180 to Bashir Zaheer Ben Cabello (Bright & Duggan Pty Ltd) 1 CHAIR OF THE MEETING 1.1 Chair of the Meeting Resolved to elect Ben Cabello as Chair of the meeting. The meeting commenced at 6:40pm. 2 Confirmation of Minutes 2.1 Confirmation of the Minutes 3 Finance 3.1 Financial Position Resolved to adopt the minutes of the annual general meeting held 25 March Resolved to adopt the audited statement of financial position and statement of financial performance for the year ended 28 February Auditor Resolved to appoint an auditor to audit the financial statements to Australian Auditing Standards for the financial year ending for presentation to the next annual general meeting. 3.3 Levy Contributions a) Resolved that the contributions to the administrative and sinking funds be set, per annum including GST on a continuing basis, at: Administrative fund $ 977, Sinking fund $ 302,280.00

9 SP Minutes AGM 28-Apr Levy Contributions (Continued) b) Resolved that both contributions be paid in equal quarterly instalments, effective from 15 June The budget adopted represents a 10% levy increase allocated to the sinking fund to meet capital expenditure objectives. 4 Governance 4.1 Executive Committee Resolved that the executive committee consist of 7 members, and that the following be elected to the executive committee; Helen Doak Rose Barbosa Allastair McGillivray Grant Gosson Alex Babajews Irene Sokol Megan Jones 4.2 Restricted Matters 4.3 Spending Restrictions Resolved that in accordance with section 34(g) of Schedule 2, the owners corporation do not further restrict the executive committee powers in respect of dealing with any matters or types of matter. Resolved that, in accordance with section 80A(2), the owners corporation removes the limitation placed on budgeted expenditure by section 75(5) generally. 5 Asset Maintenance 5.1 Insurance Renewal a) Resolved that current insurances be confirmed. b) Resolved that the strata manager be authorised to effect statutory insurances required to be taken out by the owners corporation under section 83 and Property Revaluation 5.3 WorkCover Lift Registration 5.4 Cleaning Services Agreement a) Resolved that a revaluation be carried out for insurance purposes. b) Resolved that the strata manager adjust the sum insured on the building and common property in accordance with the building valuation. Resolved that regarding lift registration due 17 March 2016, pursuant to WH&S 2011 the strata manager be authorised and instructed to prepare, sign and lodge the Work cover Statement, based on the lift contractor's maintenance statement, the lift is maintained and safe to operate. Resolved that The Owners Strata Plan renew the agreement with Complete Building Services ABN , commencing 1 April 2015, for a term of three (3) years at $5, inclusive of GST per month with CPI increases on the anniversary date, to provide cleaning services to Mirage Apartments as per the agreement and scope of work tabled at the meeting. There is no CPI increase applied to the first year of the agreement. 2

10 SP Minutes AGM 28-Apr-15 6 MOTIONS REQUIRING A SEPCIAL RESOLUTION 6.1 Special Bylaw Child Safety Window Devices Specially resolved as amended that The Owners Strata Plan 54229, in accordance with section 47, 65A and part 5 division 4 of the Strata Schemes Management Act 1996, create a by-law in the following terms: Special by-law 19 Window Safety Devices 1. Installation of window safety devices 1.1 In connection with the duty of the Owners Corporation under section 64A of the Strata Schemes Management Act 1996 the Owners Corporation from time to time may install window safety devices within the meaning of that section to windows to which that section applies ( Works ). 1.2 The Owners Corporation is entitled to access to parts of the parcel, including lots, for the purpose of doing the Works in accordance with section 65(1)(a) of the Strata Schemes Management Act On and from the installation of such a window safety device, on the terms in this by- law, the Owner of the Lot to which the window safety device relates has the exclusive use of that window safety device and the areas of the Common Property to which it is affixed or which are necessary for its proper operation or support ( Exclusive Use Area ). 1.4 Each Owner must comply with the Conditions in respect of their Exclusive Use Area. 2 Conditions 2.1 Ongoing maintenance and use The Owner, at their own cost: a) is responsible for the ongoing proper maintenance of, and keeping in a state of good and serviceable repair, the Exclusive Use Area; b) must keep the Works in a state of good and serviceable repair and renew and replace any fixtures or fittings comprised in the Works; and c) must ensure that the Works and the Exclusive Use Area are used in accordance with and continue to comply with the requirements of this By-Law and any applicable law or Approval. 2.2 Building Works If the Owner is required or permitted to do Building Works under this By- Law (such as, without limitation, in relation to complying with their obligations under clause 2.1), then the Owner must comply, and those Building Works must comply, with the Building Works Conditions. 2.3 Default If the Owner fails to comply with any obligation under this By-Law the Owners Corporation may carry out that obligation. and recover the cost of so doing from the Owner. Note. The Owners Corporation may be entitled to undertake works and recover costs in the circumstances set out in section 63(3) of the Strata Schemes Management Act 1996 under that section. 3 Building Works Conditions 3.1 General conditions in relation to Building Works Building Works must: 3

11 SP Minutes AGM 28-Apr Special Bylaw Child Safety Window Devices (Continued) a) be carried out in accordance with and comply with any applicable law or Approval (and the Owner must obtain all necessary Approvals in relation to the conduct of those Building Works); b) be carried out in a proper and workmanlike manner and only by persons who are duly licensed to do so; c) be carried out in a safe and careful manner under adequate supervision; d) comply with the National Construction Code and the Building Code of Australia; e) be fit for their purpose; f) cause a minimum of disruption to the use of the Property and a minimum of damage to the Property; g) not adversely affect the structure or support of the Property; and h) not cause or amount to a nuisance or hazard to other owners or occupiers of lots or interfere unreasonably with the use or enjoyment of the Property by other owners or occupiers of lots. 3.2 Cleanliness and protection The Owner must: a) ensure the Property is adequately protected from damage that may be caused by Building Works; and b) ensure any part of the Property affected by Building Works is kept clean and tidy and is left clean and tidy on completion of Building Works. 3.3 Rectification The Owner must rectify any damage to the Property caused by Building Works. 4 Definitions and Interpretation 4.1 Interpretation In this By-Law, unless the context otherwise requires: a) the singular includes the plural and vice versa; b) all references to dollars, $, cost, value and price are to Australian currency; c) a reference to the Owner includes a reference to their executors, administrators, successors or permitted assigns; d) where any word or phrase is given a definite meaning, any part of speech or other grammatical form of the word or phrase has a corresponding meaning; e) any reference to legislation includes any amending or replacing legislation; f) any reference to legislation includes any subordinate legislation or other instrument created thereunder; and g) a term defined in the Strata Schemes Management Act 1996 or Strata Schemes (Freehold Development) Act 1973 will have the same meaning. 4.2 Conflict (a) To the extent that any term of this By-Law is inconsistent with the Strata Schemes Management Act 1996 or any other Act or law it is to be severed and this By-Law will be read and be enforceable as if so consistent. 4

12 SP Minutes AGM 28-Apr Special Bylaw Child Safety Window Devices (Continued) (b) To the extent that this By-Law is inconsistent with any other bylaw of the Strata Scheme the provisions of this By-Law prevail to the extent of that inconsistency. 4.3 Application of the Civil Liability Act 2002 (a) (b) The Owner acknowledges and agrees that: (i) (ii) this By-Law makes express provision for their rights, obligations and liabilities under this By-Law with respect to all matters to which the Civil Liability Act 2002 applies as contemplated by section 3A(2) of that act; and to the extent permitted by law, that act does not apply in connection with those rights, obligations and liabilities. Any provision of this By-Law that is prevented by Part 2 of the Civil Liability Act 2002 is severed to the extent so prevented. 4.4 Functions of the owners corporation Without limiting its other functions, the Owners Corporation has the functions necessary for it to discharge the duties imposed on it, and exercise the powers and authorities conferred on it by this By-Law. 4.5 Definitions In this By-Law, unless the context otherwise requires: Approval means, in connection with the Work or the Property: (a) (b) (c) (d) (e) (f) an approval or certificate as may be required by law (or under the terms of an Approval) to be obtained from or provided by an Authority; a development consent or complying development certificate within the meaning of the Environmental Planning and Assessment Act 1979; a Part 4A certificate within the meaning of section 109C of the Environmental Planning and Assessment Act 1979; any order, direction or other requirement given or made by an Authority; an order made under Division 2A of Part 6 of the Environmental Planning and Assessment Act 1979; and an order made under Part 2 of Chapter 7 of the Local Government Act 1993; Authority means, in connection with the Work or the Property: (a) any Commonwealth, state or local government, semigovernment, statutory, public or other body or person (or body or person otherwise authorised by law) having jurisdiction; (b) a consent authority or principal certifying authority within the meaning of the Environmental Planning and Assessment Act 1979; (c) the council having the relevant regulatory functions under Chapter 7 of the Local Government Act 1993; and 5

13 SP Minutes AGM 28-Apr Special Bylaw Child Safety Window Devices (Continued) (d) an authorised fire officer within the meaning of section 121ZC of the Environmental Planning and Assessment Act 1979; Building Code of Australia has the meaning given to it under the Environmental Planning and Assessment Act 1979; Building Works means building works and related products and services that the Owner is required or permitted to put effect to under this By-Law, and includes a reference to: (e) (f) ancillary works, products and services that it is reasonably necessary to do or supply to facilitate the doing of those building works, and the supply of those products and services; and as the context may require, a reference to the result of those building works and related products and services being done and supplied; Building Works Conditions means the provisions of clause 3; Common Property means the common property in the Strata Plan; Conditions means the provisions of clause 2; Exclusive Use Area has the meaning given to it in clause 1.3; Lot means each Lot in the Strata Scheme severally; National Construction Code means the National Construction Code published by the Australian Building Codes Board from time to time; Owner means: (a) (b) (c) the owner of a Lot, but only in relation to the Lot owned by that Owner; where there is more than one owner of that Lot, means those owners jointly and severally, but only in relation to that Lot; and where there is more than one Lot owned by that owner or owners, means that owner or those owners (joint and severally) in respect of each such Lot severally; Owners Corporation means the Owners Corporation created on registration of the Strata Plan; Property means the land and buildings the subject of the Strata Plan; Strata Scheme means the strata scheme relating to the Strata Plan; Strata Plan means strata plan number 54229; and Works means the Building Works in relation to the installation of window safety devices as described in clause 1.1. Nil entitlements against the motion 6

14 SP Minutes AGM 28-Apr Special Bylaw car space storage That the Owners Strata Plan specially resolve, in accordance with section 47 of the Strata Schemes Management Act 1996, to create a by-law in the following terms: Special by-law 20 Car Spaces & Storage You must have the prior written consent of the Owners Corporation to: 1. store things in the garage or car space for your lot; 2. keep anything in your lot that is visible from outside the lot and is not in keeping with the appearance of the building; 3. In accordance with City of Sydney Council Regulations an owner or occupier of a lot is restricted from: (i) the right to lease or rent a car space within the building to any person not residing within the building; or (ii) using their garage to store unauthorized material. Motion not carried The Building Manager is instructed to audit the garages and provide the Executive Committee with the lots in breach of by-law 12 storage of inflammable liquids and other substances and materials and the lots perceived to be utilising the garage of the lot for a commercial operation. It is the Executive Committees intention to enforce the by-laws and Council regulations till a revised special by-law regarding car space storage is proposed. There being no further business the meeting closed at 7:50pm. 7

15 Strata Plan No Bunn St Pyrmont NSW 2009 STATEMENT OF FINANCIAL POSITION AS AT 29 FEBRUARY 2016 OWNERS FUNDS ACTUAL ACTUAL 28/02/15 29/02/16 Administrative Fund 16, , Sinking Fund 247, , TOTAL $ 263, $ 506, THESE FUNDS ARE REPRESENTED BY CURRENT ASSETS Cash At Bank 68, , Investment Td Nab , Investment Bas Stg 275, , Levies In Arrears 6, , Other Arrears Interest Accrued On O/D Levies Sundry Debtors 23, TOTAL ASSETS 375, , LIABILITIES G S T Clearing Account (9,421.24) (12,240.50) P A Y G Clearing A/C Creditors 16, , Levies In Advance 104, , Interest In Advance (7.38) 0.00 TOTAL LIABILITIES 111, , NET ASSETS $ 263, $ 506,819.07

16 Strata Plan No Bunn St Pyrmont NSW 2009 STATEMENT OF FINANCIAL PERFORMANCE FOR THE PERIOD 1 MARCH 2015 TO 29 FEBRUARY 2016 ADMINISTRATIVE FUND ACTUAL ACTUAL BUDGET BUDGET 01/03/14-28/02/15 01/03/15-29/02/16 01/03/15-29/02/16 01/03/16-28/02/17 INCOME Levies - Administrative Fund 964, , , , Interest On Overdue Levies 1, , , , Insurance Refund , Keys 11, , , , B B Q Bond - Keeping Of Animals , GST On Income (88,877.40) (90,009.62) (89,581.82) (85,309.10) TOTAL ADMIN. FUND INCOME 891, , , , EXPENDITURE - ADMIN. FUND Amenities-Pool & Spa Maint. 7, , , , Amenities-Pool & Spa Repairs 4, , , Amenities-Gym Equipment 1, , , , Amenities-Sauna 1, , , , Audit Accounting G S T Fees 1, , , Caretaker Payments 98, , , , Caretaker-Telephone Carpet-Cleaning 2, , , , Cleaning 66, , , , Cleaning-Windows , Cleaning-Toilet Paper Consulting/Engineering Fees , Consulting-Contractor Comp Electrical Repairs 5, , , , Electrical-Light Fittings , , Electrical-Globes 1, , , Electrical-Emergency Lighting , , Fees & Permits , , Fire Protection Testing 16, , , , Fire Protection Repairs 15, , , , Fire Protection Telephone Fire Alarm Monitoring 2, , , , Glazing-Window 1, , , Grounds-Gardening 4, , , , Grounds-Gardening Materials 1, , , Honorarium 1, Insurance Premiums 88, , , , Insurance Valuation

17 Strata Plan No Bunn St Pyrmont NSW 2009 STATEMENT OF FINANCIAL PERFORMANCE FOR THE PERIOD 1 MARCH 2015 TO 29 FEBRUARY 2016 EXPENDITURE - ADMIN. FUND (Continued) ACTUAL ACTUAL BUDGET BUDGET 01/03/14-28/02/15 01/03/15-29/02/16 01/03/15-29/02/16 01/03/16-28/02/17 Access Device Expenses , , Legal Fees 1, , , , Lift-Maintenance 32, , , , Lift-Repairs , , Lift-Registration Fees Lift-Telephone , , Special Functions And Events 5, , , Management Fees 28, , , , Meeting Room Hire 6, , , , Strata Manager Consultancy 4, , , , Disbursements 17, , , , Website , Pest Control-Service 1, , , , Plumbing-General 16, , , , Plumbing-Burst Pipe , , , Plumbing-Shower Tray , , Plumbing-Hws/Boilers 2, , , , Rep & Maint-Air Conditioning 3, , , , Rep & Maint-Exhaust Fan , , , Rep & Maint-Pump 1, , , , Rep & Maint-Garage Door 2, , , , Rep & Maint-Television Antenna , , Rep & Maint-General Equipment , , Rep & Maint-General Building 11, , , , Rep & Maint-Locks Rep & Maint-Doors , , , Rep & Maint-Painting , , Rep & Maint-Ceiling , , Rep & Maint-Security System 7, , , , Security 182, , , , Services-Electricity 134, , , , Services-Gas 24, , , , Services-Water Usage 144, , , , Signs/Notice Board , , Stationery , , , GST On Expenses (73,770.04) (66,063.09) (76,746.88) (76,001.41) TOTAL ADMIN. EXPENDITURE 883, , , , SURPLUS / DEFICIT $ 7, $ 88, $ (14,720.94) $ (52,493.69)

18 Strata Plan No Bunn St Pyrmont NSW 2009 STATEMENT OF FINANCIAL PERFORMANCE FOR THE PERIOD 1 MARCH 2015 TO 29 FEBRUARY 2016 EXPENDITURE - ADMIN. FUND (Continued) ACTUAL ACTUAL BUDGET BUDGET 01/03/14-28/02/15 01/03/15-29/02/16 01/03/15-29/02/16 01/03/16-28/02/17 Opening Admin. Balance 8, , , , ADMINISTRATIVE FUND BALANCE $ 16, $ 104, $ 1, $ 52,352.05

19 Strata Plan No Bunn St Pyrmont NSW 2009 STATEMENT OF FINANCIAL PERFORMANCE FOR THE PERIOD 1 MARCH 2015 TO 29 FEBRUARY 2016 SINKING FUND ACTUAL ACTUAL BUDGET BUDGET 01/03/14-28/02/15 01/03/15-29/02/16 01/03/15-29/02/16 01/03/16-28/02/17 INCOME Levies - Sinking Fund 172, , , , Interest Interest On Investment 14, , , , Bank Interest , , Tax Refund GST On Income (15,697.86) (24,835.05) (27,480.00) (37,844.55) TOTAL SINKING FUND INCOME 172, , , , EXPENDITURE - SINKING FUND Amenities-Gym Equipment 2, , , Amenities-Upgrades 2, , Carpet-Replacement , Consulting/Engineering Fees 34, Sinking Fund Forecasts 3, Electrical Upgrade 10, , , , Fire Protection Repairs 9, , , , Plumbing-Hws/Boilers , Rep & Maint-Pump , Rep & Maint-General Building 493, , , , Rep & Maint - Foyer Decoration 62, , , , Rep & Maint-Tiling 13, Windows Locks-New Legislation , , Rep & Maint-Doors , Rep & Maint-Painting , , Rep & Maint-Security System 9, , Tax Installment 4, , , , Tax Return GST On Expenses (58,529.40) (10,029.84) (14,560.45) (40,469.54) TOTAL SINK. FUND EXPENDITURE $ 589, $ 102, $ 150, $ 409, SURPLUS / DEFICIT $ (417,319.16) $ 154, $ 135, $ (20,250.01) Opening Sinking Fund Balance 664, , , , SINKING FUND BALANCE $ 247, $ 401, $ 382, $ 381,723.32

20 Strata Management Agency Agreement Dated: 22 March 2016 THE OWNERS STRATA PLAN NO ABN Address: 1-29 BUNN ST, PYRMONT NSW 2009 NAME OF AGENT: Bright and Duggan Pty Ltd Agent ABN Business name: Bright & Duggan Pty Limited SCA NSW Membership No: 142 Licence No: Address: Alexander Street, Crows Nest, NSW, 2065 Telephone: Attention: John Duggan Particulars Item 1 Professional Indemnity $10 Million Item 2 Commencement Date 22 March 2016 Item 3 Minimum term 3 year(s) Item 4 Review Date in relation to agreed services annually on each anniversary of the commencement date Item 5 Percentage increase p.a. As below in relation to additional services rates & charges 1 January annually Item 6 Agreed Services fee p.a. $ 30, per annum inclusive of GST for the first year $ 31, per annum inclusive of GST for the second year $ 32, per annum inclusive of GST for the third year plus commissions in schedule C1 YES NO If commissions are selected YES, the agreed services fee is calculated on this basis. Item 7 Fee Payment Method Monthly in arrears *All fees under this agreement are GST INCLUSIVE (Clause 9) Item 8 Manner of Accounting Cash Frequency of accounting Monthly Signatures Owners Corporation The common seal of the owners corporation was affixed on in the presence of: Signature Print Name Designation Signature Print Name Designation being the person(s) authorised by section 238 of the Act to attest the affixing of the seal. Agent Executed by Bright & Duggan Pty Limited in accordance with Section 126 and/or 127 of the Corporations Act 2001 in the presence of Signature of agent Name of agent Signature of witness Name of witness Service: The owners corporation acknowledges receipt of a copy of this agreement within 48 hours of execution by the owners corporation (refer to page 6 for IMPORTANT NOTES to the parties when executing this agreement). Name of signatory (print name) Signature Copyright Strata Community Australia (NSW) Issue Version 2012

21 Issued on behalf of the Insurers: QBE Insurance (Aust) Ltd ABN Pitt Street Sydney NSW 2000 (AFS Licence No: ) Policy No: NNR Period of Insurance: From: 22/05/15 To: 22/05/16 at 4.00 pm Certificate of Currency - Tax Invoice The Insured & Situation: The Owners - Strata Plan & BUNN STREET & PYRMONT ST PYRMONT NSW 2009 Cover Selected Sum Insured POLICY 1 INSURED PROPERTY (Building) 120,550,000 Loss of Rent/Temp Accommodation (15%) 18,082,500 INSURED PROPERTY (Common Area Contents) 1,200,264 Optional Paint Benefit Not selected POLICY 2 PUBLIC OR LEGAL LIABILITY 20,000,000 POLICY 3 VOLUNTARY WORKERS 200,000/2,000 POLICY 4 WORKERS COMPENSATION (NSW, ACT, TAS & WA ONLY) Not selected POLICY 5 FIDELITY GUARANTEE 100,000 POLICY 6 OFFICE BEARER S LEGAL LIABILITY 5,000,000 POLICY 7 MACHINERY BREAKDOWN Not selected POLICY 8 CATASTROPHE INSURANCE (Insured Property) Not selected Extended cover Rent/Temp Accommodation Not selected Escalation in Cost of Temp Accommodation Not selected Cost of Storage and Evacuation Not selected POLICY 9 Government Audit Costs 25,000 Appeal expenses - common property health & safety breaches 100,000 Legal Defence Expenses 50,000 POLICY 10 LOT OWNER'S FIXTURES AND IMPROVEMENTS (per lot) 250,000 FLOOD Selected This certificate confirms that on the date of issue noted above, a policy existed for the sums insured shown. Date of Issue: 29/05/15 Issue Fee Incl GST: 0.00 Issue Fee GST: 0.00 It is not intended to amend, extend, replace or override the policy terms and conditions contained in the actual policy document. This certificate is issued as a matter of information only and confers no rights on the certificate holder. CHU Underwriting Agencies Pty Ltd is an underwriting intermediary acting on behalf of the insurers. Our Ref: New South W ales/act 1 Northcliff Street MiIsons Point 2061 P O B ox 507, M ilsons P t 1565 Phone: Fax: chu.com.au Victoria / Tasm ania Level 4, 628 Bourke Street M elbourne 3000 GPO 4323, Melbourne 3001 P hone: Fax: Tasmania Ph: info_vic@ chu.com.au Queensland Level 13, King George Central 145 Ann Street, Brisbane 4000 P O B ox 255, S pring H ill 4004 P hone: Fax: info_qld@ chu.com.au CHU Underwriting Agencies Pty Ltd ABN AFS Licence No: W estern Australia Level 15, Q BE H ouse 200 St Georges Terrace Perth 6000 P hone: Fax: info_w a@ chu.com.au South Australia G round Floor 208 G reenhill R oad E astw ood 5063 P hone: Fax: info_sa@ chu.com.au

22 Form 2 Proxy appointment (Clause 28 (2)) Strata Schemes Management Act 1996 Date... I/We... the owners of lot... in Strata Plan No... appoint... of... as my/our proxy for the purposes of meetings of the owners corporation (including adjournments of meetings). Period or number of meetings for which appointment of proxy has effect... *1 meeting/*... meetings/*1 month/*... months/*12 months or 2 consecutive annual general meetings *Tick or tick and complete whichever applies (Note. The appointment cannot have effect for more than 12 months or 2 consecutive annual general meetings, whichever is the greater. If no selection is made by the person giving the proxy, the proxy is effective only for one meeting.) *1 This form authorises the proxy to vote on my/our behalf on all matters. OR *2 This form authorises the proxy to vote on my/our behalf on the following matters only: [Specify the matters and any limitations on the manner in which you want the proxy to vote.] *Delete paragraph 1 or 2, whichever does not apply. *3 If a vote is taken on whether... (the strata managing agent) should be appointed or remain in office or whether another managing agent is to be appointed, I/we want the proxy to vote as follows: *Delete paragraph 3 if proxy is not authorised to vote on this matter. For examples, read note 1 below. Signature of owner/s... Notes 1 A proxy is not authorised to vote on a matter: (a) if the person who appointed the proxy is present at the relevant meeting and personally votes on the matter, or (b) so as to confer a pecuniary or other material benefit on the proxy, if the proxy is a strata managing agent, caretaker or on-site residential property manager. 2 This form is ineffective unless it contains the date on which it was made and it is given to the secretary of the owners corporation at least 24 hours before the first meeting in relation to which it is to operate (in the case of a large strata scheme) or at or before the first meeting in relation to which it is to operate (in any other case). 3 This form will be revoked by a later proxy appointment form delivered to the secretary of the owners corporation in the manner described in the preceding paragraph.