Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p40
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 100475–102946

than 15 business days after the day on which the meeting is adjourned) and at the time and place that the person presiding appoints.
 (4) The trustee must give notice of the adjournment by the end of the next business day to the persons to whom notice of the meeting must be given under section 75‑10.
 (5) A meeting on the date and at the place to which the meeting is adjourned is not to be taken to be incompetent to act only because of a failure to comply with subsection (4) unless the Court, on the application of the trustee or of a creditor, otherwise declares.
 (6) If a quorum is not present within 30 minutes after the time appointed for the adjourned meeting, the adjourned meeting lapses.

75‑110  Voting on resolutions
 (1) A resolution put to the vote at a meeting is to be decided:
 (a) if a poll is requested by the trustee or a person participating and entitled to vote at the meeting—by a poll; or
 (b) otherwise—on the voices.
 (2) Unless a poll is requested, the trustee must declare that a resolution has been:
 (a) passed; or
 (b) passed unanimously; or
 (c) passed by a particular majority; or
 (d) lost;
on the voices.
 (3) If a poll is requested:
 (a) the poll must be taken immediately; and
 (b) the trustee may determine the manner in which the poll is to be taken.
 (4) For the purposes of determining whether a resolution put to the meeting is passed, the value of a creditor who:
 (aa) is a related entity of the regulated debtor; and
 (a) has been assigned a debt;
is to be worked out by taking the value of the assigned debt to be equal to the value of the consideration that the creditor gave for the assignment of the debt.

75‑115  When a resolution is passed at a meeting of creditors after a poll is demanded
 (1) A resolution is passed at a meeting of creditors of a regulated debtor if:
 (a) a majority of the creditors voting (whether in person, by proxy or attorney) vote in favour of the resolution; and
 (b) a majority in value of the creditors voting (whether in person, by proxy or attorney) vote in favour of the resolution.
 (2) A resolution is not passed at a meeting of creditors of a regulated debtor if:
 (a) a majority of the creditors voting (whether in person, by proxy or attorney) vote against the resolution; and
 (b) a majority in value of the creditors voting (whether in person, by proxy or attorney) vote against the resolution.
 (3) If no result is reached under subsection (1) or (2) and the resolution does