Unit Titles Amendment Act 2013
The previous update to the law, the Unit Titles Act 2010, was a
welcome attempt, but was in many ways an imperfect beast. A number
of technical amendments have been made to the Unit Titles Act 2010
with the passing of the Unit Titles Amendment Act 2013 on 5
December 2013. The most important changes include:
It has now been clarified that a majority of votes (i.e. at
least 51%) will be needed to pass an ordinary resolution. This
removes the head-scratching scenario under the Unit Titles Act 2010
whereby an ordinary resolution could be passed with 50% support
(even though that necessarily meant that 50% of voters did not
support the motion). It is unfortunately still unclear whether
voting is based on 'one vote per unit' or on ownership
interest/unit entitlement.
