WHAT ARE THE DUTIES OF THE TRUSTEES?

WHAT ARE THE DUTIES OF THE TRUSTEES?

The trustees take over the functions and duties assigned to the body corporate by the Act and rules, but are always subject to any directions or restrictions imposed by the body corporate at a general meeting. Trustees are required to meet regularly and to keep minutes of all their meetings. These minutes are open to inspection by any member of the body corporate. Any member of the body corporate is entitled to attend and speak at trustees' meetings, but may not vote at that meeting.

Trustees acting in good faith are indemnified by the body corporate. Trustees who are grossly negligent or act with mala fide (bad faith) do not enjoy such indemnity and can be held personally liable for their actions. The chairman of trustees has a casting vote at a trustee meeting but not at a general meeting of the body corporate.

 

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