Clause 9 of Schedule 2 of the Act provides that a person is not entitled to move a motion or nominate a person for election to the EC unless they are entitled to vote on the motion or at the election.
Clause 10 para 8 provides that an owner can’t vote if contributions haven’t been paid.
Clause 10 deals with entitlement to vote. So the cumulative effect of the two is that if you are non-financial you can’t nominate someone to the EC.