Northern Territory Consolidated Acts

UNIT TITLES ACT - SECT 58

    (1)     The regulations may:

        (a)     prescribe management modules for corporations; and

        (b)     provide for the application to a corporation of a management module; and

        (c)     make other provisions (such as transitional provisions) for the application.

    (2)     A management module must specify:

        (a)     how a corporation may make a decision (including, for example, requirements about meetings and voting of the committee of the corporation); and

        (b)     the records that must be kept by the corporation; and

        (c)     any other requirements about the management of the corporation.

    (3)     Without limiting subsection (1)(c), the regulations may provide:

        (a)     for a specified period after the commencement of this section – the application to a corporation of this Part as in force before the commencement; and

        (b)     the application of a management module to the corporation after the end of the period.