Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 81K

81K General meeting to consider termination resolution

(1) This section applies if a body corporate for a community titles scheme passes an economic reasons resolution and complies with section 81J .

(2) The body corporate may call a general meeting to consider a motion for a termination resolution.

(3) The general meeting must not consider any other motion proposing an alternative way to terminate the scheme.

(4) A motion for a termination resolution may only be passed if 75% or more of all lot owners vote for the motion.

(5) One vote only may be exercised for each lot included in the scheme.

(6) A vote can not be exercised by proxy.

(7) If the regulation module applying to the scheme provides for a motion to be decided by secret ballot, the motion must be decided by secret ballot.

(8) Also, despite anything in the regulation module applying to the scheme, an owner of a lot may vote on the motion if the owner owes a body corporate debt in relation to the lot at the time of the meeting.