How long does it take to switch to Quarter?
The vote takes up to 21 days, and passes sooner if 75% of eligible voters agree before then. Quarter starts on the switchover date in the motion: by default the first day of your next financial year, or a date you choose, no earlier than your current manager’s notice allows.
Do we have to wait for the AGM?
No. The Chair issues a notice of a resolution to be passed without a meeting, and owners vote on it in writing (Unit Titles Act 2010, s 104). If your Chair won’t, owners of 25% of the principal units can require an extraordinary general meeting to decide it (s 89A).
Why does it need 75%?
Engaging a manager on its own is an ordinary resolution. The motion also nominates Quarter to operate the body corporate’s bank account, so it can pay the bills the committee approves, and that takes a special resolution (s 115(3)). In writing, a special resolution needs 75% of eligible voters (s 104(3)).
Can the committee decide it on its own?
No. A matter the Act leaves to a special resolution can’t be delegated to the committee (s 108(2)(b)), so the owners decide.
We’re in a contract with our current manager. Can we still switch?
Yes, on the notice its agreement sets. Every body corporate manager’s agreement has to say how it can be ended (Unit Titles Regulations 2011, reg 28C(d)), and the motion ends it in accordance with its terms. Send us your agreement and we’ll tell you the notice it needs and what leaving costs.
What happens to our money?
It moves to a trust account Quarter holds for your body corporate alone, never pooled with another’s. Your outgoing manager transfers the funds by the switchover date, and owners get levy notices with the new payment details.
We have 10 or more units. Can we still switch?
Yes. A large development must have a body corporate manager unless its owners opt out by special resolution (s 157B). Quarter is one, so switching to Quarter keeps you within the Act.
We manage ourselves now. Is it the same?
Yes. The same motion engages Quarter and ends any other manager’s engagement, which does nothing where there isn’t one, and we work with you rather than a manager to get the records across.
What does Quarter cost?
$12 a unit a month, $8 from the 51st unit and $5 from the 101st, GST inclusive, and the first 30 days are free. No commissions, no disbursements and nothing per meeting. There is no fixed term: the body corporate can end it on 30 days’ notice, with no exit fee.