CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006) - SECT 201.70 Quorum
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006) - SECT 201.70
QuorumQuorum (replaceable rule--see section 60‑1)
(1) If an Aboriginal and Torres Strait Islander corporation has 11 or more members, the quorum for a meeting of the corporation's members is the lesser of:
(a) 10 members; or
(b) the greater of:
(i) the number of members holding 10% of the voting rights; or
(ii) 2 members.
Corporations with 10 members or less (replaceable rule--see section 60‑1)
(2) If an Aboriginal and Torres Strait Islander corporation has 10 members or less, the quorum for a meeting of the corporation's members is 2 members.
Quorum to be present
(3) The quorum must be present at all times during the meeting.
How to determine if quorum is present
(4) In determining whether a quorum is present, count individuals attending as proxies or body corporate representatives. However, if a member has appointed more than 1 proxy or representative, count only 1 of them. If an individual is attending both as a member and as a proxy or body corporate representative, count them only once.
Note 1: For rights to appoint proxies, see section 201‑90.
Note 2: For body corporate representatives, see section 201‑110.
Adjourned meeting (replaceable rule--see section 60‑1)
(5) A meeting of the corporation's members that does not have a quorum present within 1 hour after the time for the meeting set out in the notice of meeting is adjourned to the same time of the same day in the next week, and to the same place, unless the directors specify otherwise.
No quorum at resumed meeting (replaceable rule--see section 60‑1)
(6) If no quorum is present at the resumed meeting within 1 hour after the time for the meeting, the meeting is dissolved.