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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 201.40

Members' resolutions

  (1)   Notice of a resolution that they propose to move at a general meeting may be given to an Aboriginal and Torres Strait Islander corporation by at least the required number of members under subsection   (4).

  (2)   The notice must:

  (a)   be in writing; and

  (b)   set out the wording of the proposed resolution; and

  (c)   be signed by the members proposing to move the resolution.

  (3)   Separate copies of a document setting out the notice may be used for signing by members if the wording of the notice is identical in each copy.

  (4)   The required number of members for an Aboriginal and Torres Strait Islander corporation is the greater of:

  (a)   5 members of the corporation; or

  (b)   10% of the members of the corporation.

  (5)   The regulations may prescribe a different number of members for the purposes of applying paragraph   (4)(a) to:

  (a)   a particular Aboriginal and Torres Strait Islander corporation; or

  (b)   a particular class of Aboriginal and Torres Strait Islander corporation.

Without limiting this, the regulations may specify the number as a percentage of the number of members of the corporation.

  (6)   The regulations may prescribe a different percentage for the purposes of applying paragraph   (4)(b) to:

  (a)   a particular Aboriginal and Torres Strait Islander corporation; or

  (b)   a particular class of Aboriginal and Torres Strait Islander corporation.


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