Queensland Subordinate Legislation as Made Queensland Subordinate Legislation as Made(1) Section 177(3) does not apply for--
(a) an annual general meeting called but not held before the commencement; or
(b) another annual general meeting for a relevant body corporate if the body corporate--
(i) has not obtained, either before or after the commencement, a valuation stating the full replacement value of the building or buildings it must insure under chapter 8, part 9; and
(ii) is not required to obtain a valuation under section 226(2) before the annual general meeting.
(2) For another annual general meeting for a relevant body corporate, section 177(3) applies as if a reference in that subsection to the most recent valuation under section 181 were a reference to the most recent valuation obtained, including a valuation obtained before the commencement.
(3) In this section--
relevant body corporate means a body corporate to which section 226 applies.