(1) A termination
proposal must be put to the vote of the owners of the lots in the strata
titles scheme (unless it is a proposal that cannot proceed further) and it can
only proceed further if a termination resolution is passed.
Note for this subsection:
The terms of the
termination proposal are as set out in the full proposal rather than the
outline: see section 179(8).
(2) A termination
resolution is only effective if the voting period opens at least 2 months
after, and closes not more than 6 months after, the service of the full
proposal by the strata company under this Division.
(3) A termination
proposal may be modified and a further vote taken on the proposal, but no more
than 3 such votes may be taken and each vote must be taken within the period
referred to in subsection (2).
(4) A person who is
independent of the strata company and the proponent of the termination
proposal must be appointed to tally and count the votes on the proposal.
(5) The vote must be
taken as follows —
(a) 1
vote may be cast for each lot in the strata titles scheme;
(b) the
value of each vote is 1.
(6) A termination
resolution is passed if the number of votes cast in favour of the termination
proposal equals the number of lots in the strata titles scheme.
(7) A termination
resolution is passed subject to the confirmation of the Tribunal if —
(a) the
strata titles scheme has 5 or more lots; and
(b) the
number of votes cast in favour of the termination proposal is at least 80% of
the total number of lots in the scheme.
(8) Section 126(a)
does not apply to voting on a termination resolution.
(9) A termination
proposal must not be modified in a material particular by the proponent of the
proposal after a termination resolution has been passed unless the
modification is supported under the same voting arrangements as apply to the
termination resolution.
(10) The independent
person appointed to tally and count the votes must —
(a) make
a record of each vote identifying the lot for which it is cast and the date on
which it was cast, and the tally of the votes; and
(b) as
soon as reasonably practicable, give written notice to the strata company of
the number of votes cast in favour of and against the termination proposal and
a statement of whether confirmation of the resolution by the Tribunal is
required; and
(c) if
confirmation of the resolution by the Tribunal is required, provide the record
made under paragraph (a) to the strata company in the manner required by the
regulations, but must not otherwise disclose information about who cast votes
for or against the proposal or for which lots the votes were cast.
(11) A strata company
must, as soon as practicable after a termination resolution is passed —
(a)
lodge with the Registrar of Titles notice of that fact in the approved form;
and
(b) give
written notice of that fact to —
(i)
the proponent of the termination proposal; and
(ii)
for a leasehold scheme, the owner of the leasehold
scheme.
(12) The notice must
include a statement of whether or not confirmation of the termination
resolution by the Tribunal is required.
(13) The regulations
may impose additional requirements about the process required for voting on a
termination proposal.
[Section 182 inserted: No. 30 of 2018 s. 83.]