Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 5 - MEETINGS  

PART 5-2 - GENERAL MEETINGS  

Division 201 - What are the rules concerning general meetings?  

Subdivision 201-C - Members ' rights to put resolutions etc. to general meeting  

SECTION 201-40   MEMBERS ' RESOLUTIONS  

201-40(1)    
Notice of a resolution that they propose to move at a general meeting may be given to an Aboriginal and Torres Strait Islander corporation by at least the required number of members under subsection (4) .

201-40(2)    
The notice must:

(a)    be in writing; and

(b)    set out the wording of the proposed resolution; and

(c)    be signed by the members proposing to move the resolution.

201-40(3)    
Separate copies of a document setting out the notice may be used for signing by members if the wording of the notice is identical in each copy.

201-40(4)    
The required number of members for an Aboriginal and Torres Strait Islander corporation is the greater of:

(a)    5 members of the corporation; or

(b)    10 % of the members of the corporation.

201-40(5)    
The regulations may prescribe a different number of members for the purposes of applying paragraph (4)(a) to:

(a)    a particular Aboriginal and Torres Strait Islander corporation; or

(b)    a particular class of Aboriginal and Torres Strait Islander corporation.

Without limiting this, the regulations may specify the number as a percentage of the number of members of the corporation.

201-40(6)    
The regulations may prescribe a different percentage for the purposes of applying paragraph (4)(b) to:

(a)    a particular Aboriginal and Torres Strait Islander corporation; or

(b)    a particular class of Aboriginal and Torres Strait Islander corporation.