Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Subsections (2) to (7):
(a) apply for voting about a resolution of a corporation at a meeting of the corporation; and
(b) apply with changes specified in the management module:
(i) for voting about a resolution of the corporation otherwise than at a meeting; or
(ii) for voting about a resolution of the committee of the corporation; or
(iii) for a specified purpose of this Act.
(2) Only 1 vote may be exercised for each unit.
(3) Except as otherwise provided by the management module, voting may be made:
(a) personally or by proxy; and
(b) by show of hands or in writing.
(4) A motion is passed by a unanimous resolution if the number of the votes counted in favour of the motion is equal to the total number of the units.
(5) A motion is passed by a resolution without dissent if no vote is counted against the motion.
(6) A motion is passed by a majority resolution if the number of the votes counted in favour of the motion exceeds 50% of the total number of the units.
(7) A motion is passed by an ordinary resolution if:
(a) the following conditions are satisfied:
(i) this paragraph applies under the management module;
(ii) the unit entitlements of the units for the votes counted in favour of the motion exceed the unit entitlements of the units for the votes counted against it; or
(b) otherwise – the votes counted in favour of the motion are more than the votes counted against the motion.
(8) A motion is passed by a special resolution if:
(a) at least two-thirds of the votes cast are counted in favour of the motion; and
(b) the unit entitlements of the units for the votes counted against the motion do not exceed 25% of the unit entitlements of all the units.