Unit holder voting rights: electronic and remote voting enabled; specified majorities required for SM REIT approvals. Unit holders of each SM REIT scheme have distribution and voting rights; votes are calculated on unit holders present and voting, including electronic and postal votes. Investment managers must provide postal, electronic voting and participation by video conferencing; notices of at least twenty-one clear days apply unless shorter consent thresholds are met. The investment manager conducts meetings under trustee oversight, with specified exceptions. Annual meetings within 120 days must consider accounts, auditors, valuers and valuations, requiring approval by more than fifty per cent of votes cast. Higher thresholds apply for major transactions, property deals with significant valuation deviation, and changes to investment manager or trustee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unit holder voting rights: electronic and remote voting enabled; specified majorities required for SM REIT approvals.
Unit holders of each SM REIT scheme have distribution and voting rights; votes are calculated on unit holders present and voting, including electronic and postal votes. Investment managers must provide postal, electronic voting and participation by video conferencing; notices of at least twenty-one clear days apply unless shorter consent thresholds are met. The investment manager conducts meetings under trustee oversight, with specified exceptions. Annual meetings within 120 days must consider accounts, auditors, valuers and valuations, requiring approval by more than fifty per cent of votes cast. Higher thresholds apply for major transactions, property deals with significant valuation deviation, and changes to investment manager or trustee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
