sec.174Relinquishment condition if authority does not include a reduction requirement

### sec.174 Relinquishment condition if authority does not include a reduction requirement If the authority does not include a requirement mentioned in section 173(1), the relinquishment condition for the authority is the relinquishment condition under section 74A, with the following changes— the required percentage is 5% instead of 8.33%; the reference in sections 74C(2) to the authority originally taking effect is a reference to the start of its current term. Part 6A, division 2, subdivision 1, applies to the authority, subject to the changes under subsection (1). s 174 ins 2004 No. 26 s 68 (sec.174-ssec.1) If the authority does not include a requirement mentioned in section 173(1), the relinquishment condition for the authority is the relinquishment condition under section 74A, with the following changes— the required percentage is 5% instead of 8.33%; the reference in sections 74C(2) to the authority originally taking effect is a reference to the start of its current term. (sec.174-ssec.2) Part 6A, division 2, subdivision 1, applies to the authority, subject to the changes under subsection (1). - (a) the required percentage is 5% instead of 8.33%; - (b) the reference in sections 74C(2) to the authority originally taking effect is a reference to the start of its current term.