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title: Legal Case
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## 2025 AGM

 

The 2025 Annual General Meeting (AGM) was held on 17 April 2025. The minutes are here ***[The Sands 2025 AGM.](https://thesandssurfersparadise.com/hubfs/The%20Sands%202025%20AGM-1.pdf?hsLang=en)***

The AGM is a yearly gathering where owners can vote on and discuss financial and other key matters relating to The Sands. It is a crucial event for accountability and transparency, allowing for owners to participate in decision-making and provides a platform for reviewing past activities and planning future strategies. 

The 2025 AGM presented the proposed budget, as per the Budget Committee Meeting held on 13 February 2025, and owners voted to

1\. maintain the Administrative Fund levies as they were for the next 12 months.

2\. increase the Sinking Fund levy (84% YES votes) for the Jul/Aug/Sep quarter and for the Oct/Nov/Dec quarter from $6.75 per lot to $26.75 per lot providing an additional $400,000 for the concrete cancer repair work.

3\. increase the Sinking Fund levy (86% YES votes) for the Jan/Feb/Mar 2026 quarter and for the Apr/May/Jun 2026 quarter from $6.75 per lot to $16.75 per lot providing an additional $200,000 for concrete cancer report work.

**This additional $600,000 in our sinking fund enables the concrete cancer repair work outlined and approved in Motions 14 (Phase 3) and Motions 15 (Phase 4) to be done.**

**This work is essential to ensure The Sands building insurance is maintained.**

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