(1) Subject to this
section, a member of the trust is entitled to vote at meetings of the trust.
(2) A member may
nominate another person to attend and vote at meetings on his or her behalf.
(3) If 2 or more
persons are members of the trust with respect to the same undertaking
concerned with carrying on the business of primary production, a person must
be nominated by them all to vote.
(4) A nomination
referred to in subsections (2) and (3) must be made by written notice to
the trust and may be revoked by the member, or all of the members, by
subsequent written notice to the trust.
(5) If a person who is
not a member of the trust has been nominated by a member or members to attend
and vote at a meeting of the trust, that person must be regarded as a member
of the trust for the purposes of proceedings at the meeting.
(6) Subject to
subsection (7), the values of votes at meetings of the trust will be in
proportion to the respective water allocations to which the members of the
trust are entitled at any particular time on account of either or both of the
following:
(a)
irrigation rights held by members of the trust;
(b)
water licences held by members of the trust.
(7) Despite a
preceding subsection, if the trust resolves to apply this subsection, then the
value of votes at a meeting of the trust will be set in some other manner
determined by the trust.
(8) A determination
under subsection (7) may be based on or include criteria that exclude a
member from holding an entitlement to vote if the member—
(a) does
not own or occupy land to which irrigation water is supplied or delivered that
has an area that is at least equal to a minimum area determined by the trust
for the purposes of this subsection;
(b) does
not have an entitlement to the supply or delivery of water that is at least
equal in volume to a minimum volume determined by the trust for the purposes
of this subsection.
(9) The basis for
determining the values of votes can be changed but only by resolution of the
trust of which 21 days notice must be given.
(10) A resolution
under subsection (6) or (7) must be supported by 80% or more of the
number of votes cast at a meeting of the trust.