Starlight Community Pty Ltd has been a registered company since 1972 (Australian Securities Commission No. 009861116). The Company is composed entirely of shareholders. Voting rights are attached to share holdings, but not dependent on the number of shares held. The Company Secretary, Treasurer (currently outsourced to Whittles Strata and Community Title Services) and a minimum of 3 Directors are elected from the pool of shareholders annually at the AGM. Shareholder meetings are held at least four times a year.
Council rates are payable by the Company which levies shareholders according to the number of shares held. As Starlight Community Pty Ltd adopts a company structure we are also required to pay land tax to the Queensland State Government
Other levies are decided by the shareholders at the AGM each year, and include roadworks, Hall maintenance, legal and administrative costs.