As long as the set agenda is used, the first AGM is valid even if it is called or held after the fixed time [Schedule 2, Part 1, Clause 1]. The set agenda includes the following:
- insurance cover
- the election of executive committee members
- by-laws
- appointment of a strata managing agent
- accounting records
- restricted matters and levies
- preparation of ten-year sinking fund plan (applies to schemes registered from 7/2/2005) [Schedule 2, Clause 3 (b1)]
- whether a caretaker is to be appointed [Schedule 2, Part 1, Clause 3].
If the first AGM is held but an executive committee is not appointed, an owner, mortgagee or covenant chargee can make an application to the Adjudicator for an order to appoint a person to hold a general meeting to appoint the executive committee [s. 17].
If an executive committee has been elected at the first AGM but no office bearers have been appointed, an owner, mortgagee or covenant chargee can make an application to the Adjudicator for an order to appoint a person to call an executive committee meeting to elect those officers [s. 19].



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