Regulation 22 - Rights and meetings of unit holders

Voting thresholds shape unit holder approval requirements for InvIT actions, defining majorities, exclusions and exit protections.

Unit holders have rights to distributions and to vote on matters per specified voting thresholds calculated on unit holders present and voting, including electronic and postal ballots; related parties and their associates are excluded from voting on related transactions. Meetings require prescribed notice though shorter notice can be permitted with defined consent; investment managers must facilitate remote participation and electronic voting and manage meeting conduct subject to trustee oversight, while specific matters (annual accounts, auditors, valuations, major transactions, borrowings, issuance of units, management or strategy changes, delisting, and employee benefit schemes) require defined higher approval thresholds and separate resolutions with exit options for dissenters in specified sponsor or acquisition scenarios.