sec.162Executive committee’s decisions to be decisions of principal body corporate

sec.162 Executive committee’s decisions to be decisions of principal body corporate

In this section— restricted matter means— any matter relating to the striking of a special monetary levy on all members of the principal body corporate; and any matter which seeks to alter the rights, privileges or obligations of members of the principal body corporate; and any matter which seeks to alter the annual monetary contribution of members of the principal body corporate; and any matter a decision on which may, in accordance with any provision of this Act, only be made by the principal body corporate pursuant to a special resolution or in general meeting of the principal body corporate; and any matter referred to in section 164 and specified in a resolution of the principal body corporate passed for the purposes of that section. Subject to this Act, the decision of the executive committee on any matter, other than a restricted matter, shall be the decision of the principal body corporate. Notwithstanding that the executive committee holds office, the principal body corporate may in general meeting continue to exercise or perform all or any of the powers, authorities, duties and functions conferred or imposed on the principal body corporate by this Act. (sec.162-ssec.1) In this section— restricted matter means— any matter relating to the striking of a special monetary levy on all members of the principal body corporate; and any matter which seeks to alter the rights, privileges or obligations of members of the principal body corporate; and any matter which seeks to alter the annual monetary contribution of members of the principal body corporate; and any matter a decision on which may, in accordance with any provision of this Act, only be made by the principal body corporate pursuant to a special resolution or in general meeting of the principal body corporate; and any matter referred to in section 164 and specified in a resolution of the principal body corporate passed for the purposes of that section. (sec.162-ssec.2) Subject to this Act, the decision of the executive committee on any matter, other than a restricted matter, shall be the decision of the principal body corporate. (sec.162-ssec.3) Notwithstanding that the executive committee holds office, the principal body corporate may in general meeting continue to exercise or perform all or any of the powers, authorities, duties and functions conferred or imposed on the principal body corporate by this Act.

• (a) any matter relating to the striking of a special monetary levy on all members of the principal body corporate; and
• (b) any matter which seeks to alter the rights, privileges or obligations of members of the principal body corporate; and
• (c) any matter which seeks to alter the annual monetary contribution of members of the principal body corporate; and