Cullen Bay Marina Regulations 1993

(1) The Developer, whether or not the Developer is an owner of a lot at the time, shall convene a meeting of the Management Corporation to be held within 3 months after the expiration of the initial period.

(2) A meeting convened under subregulation (1) shall be the first annual general meeting of the Management Corporation and shall:

(a) resolve whether insurances effected by the Developer should be confirmed, varied or extended;

(b) resolve whether the amounts, if any, determined under regulation 12(1) or (2) should be confirmed or varied or, if not determined, make such a determination;

(c) determine, in accordance with regulation 29(1), the number of members of the committee;

(e) resolve which matters, if any, shall be restricted matters within the meaning of regulation 37 for the purposes of these Regulations;

(f) resolve whether the By-laws in force immediately before the holding of the meeting shall be amended or repealed;

(g) resolve which of the powers, authorities duties or functions of the Corporation should be delegated to the committee;

(h) resolve whether to appoint a person to audit the Corporation's records and books of account; and

(3) The Developer shall present to the meeting a budget showing its estimated expenditure in relation to the common property.

(4) The Developer shall not fail or neglect to deliver to the Management Corporation at the first annual general meeting and at each general meeting referred to in regulation 44(1):

(a) all plans, specifications, certificates (other than certificates as to title for lots), diagrams and other documents (including particulars of any guarantees and warranties relating to equipment and policies of insurance) obtained or received by him or her and relating to the common property; and

(b) where they are in his or her possession or control, the certificate as to title for the common property, the books of account and all notices or other records relating to the lot plan,

other than any such documents that exclusively evidence the rights or obligations of the Developer and that are not capable of being used for the benefit of the Corporation or any of the owners of lots, other than the Developer.

Maximum penalty: 17 penalty units.