Unit-holder voting rights govern REIT decisions, conflicted voting exclusions, enhanced approvals, and exit protections for ownership and sponsor changes.

Unit holders are entitled to income or distributions under the offer document or trust deed. Resolutions are determined by votes cast in favour on the basis of unit holders present and voting, including electronic and postal voters. Related parties and their associates are excluded from voting on the relevant transaction. Annual meetings must occur at least once each year within 120 days after financial year-end, with no more than 15 months between meetings. Annual accounts, REIT performance, valuation reports, and appointments may be considered. Ordinary approval matters generally require more than 50 per cent of total votes cast.

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