Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of subsection 7 (1) of the Act, the following standard is prescribed in relation to the operation of a private sector fund or public sector fund of a kind referred to in subregulation 13 (1), namely, a decision by a board or committee of trustees of the kind referred to in paragraph 13 (1) (a), a board of a body corporate of the kind referred to in paragraph 13 (1) (c), or a board, committee or other body of the kind referred to in paragraph 13 (1) (b), shall require not less than two-thirds of the total number of the members of the board, committee or other body, as the case may be, to have voted in favour of the decision.