Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 81D

81D General meeting—economic reasons resolution

(1) This section applies if a body corporate for a community titles scheme prepares a pre-termination report.

(2) The body corporate must give each lot owner a copy of the pre-termination report at least 90 days before it holds a general meeting to consider a motion about whether economic reasons for termination exist.

(3) The motion must state the economic reasons for termination established by the pre-termination report.

(4) At the general meeting the body corporate may, by majority resolution, pass an economic reasons resolution.