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meetings. At a trustee meeting, 50% of the trustees by number, but not less than two, form
a quorum. Any member of a body corporate may attend a Trustees meeting.

The Trustees stand in a fiduciary relationship to the body corporate. He or she must avoid
any material conflict between his or her own interests and those of the body corporate. A
trustee who acts in breach of this duty is liable to the body corporate for any loss suffered
by the body corporate as a result thereof or any economic benefit received by the trustee
by reason thereof.

GOVERNANCE DOCUMENTATION REQUIREMENTS FOR SECTIONAL TITLE SCHEMES

Sectional Title schemes are regulated and managed by means of Management and
Conduct Rules, subject to the STSMA (as prescribed in Regulation 6, Annexures 1 and 2).

The Management Rules may be amended, added to, repealed, or substituted, as follows:

By the developer (when applying to By the body corporate
open a sectional title register)
by unanimous resolution provided that at
subject to the approval of the Chief Ombud, such time there are owners (other than the
and provided they are not inconsistent with developer) of at least 30% of the units in the
any other Management Rule, scheme (subject to certain exceptions).

Conduct Rules may be substituted, added to, amended or repealed by special resolution
of the body corporate (provided that such Conduct Rules may not be irreconcilable with any
prescribed Management Rule).

Unanimous resolution Special resolution

Means a resolution – Means a resolution –
(a) passed unanimously by all the members (a) passed by at least 75% calculated both

of the body corporate at a meeting at in value and in number, of the votes of
which (i) at least 80% calculated both in the members of a body corporate who
value and in number, of the votes of all are represented at a general meeting,
of the members of a body corporate are OR
present or represented, and (ii) all the (b) agreed to in writing by members of a
members who cast their votes do so in body corporate holding at least 75%
favour of the resolution, OR calculated both in value and in number,
(b) agreed to in writing by all the members of all the votes.
of the body corporate.

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