New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) No meeting of assembled owners may transact any business unless at least 3 persons who are entitled to vote and a Recording Officer are present throughout the meeting.
(2) Except in a case to which regulation 33 or regulation 34 or regulation 35 of these regulations applies, the quorum for the passing of any resolution at any such meeting shall consist of persons present throughout the meeting, whether personally or by their trustees, proxies, or duly appointed attorneys, who together own, or represent the owners of, at least 40 percent of the beneficial freehold interest in the land to which the resolution relates, not being in any case less in number than 10 or one quarter of the total number of owners (whether dead or alive), whichever is the less.
(3) For the purposes of subclause (2) of this regulation, where the total number of owners is not a multiple of 4, one quarter of the number of owners shall be deemed to be one quarter of the next highest number that is a multiple of 4.
Compare: 1953 No 94 s 309(1), (6D), (6E); 1967 No 145 s 4(1); 1974 No 73 s 36(1)