Yes 90% is for compulsory acquisition.
For schemes of arrangement, it's 75%.
Allens Handbook on Takeovers in Australia, page 23:
"A person who owns or has voting control over 25% or more of a company’s shares can unilaterally
block the approval of a takeover conducted by a scheme of arrangement, because one of the scheme
voting thresholds is approval by at least 75% of the votes cast on the scheme resolution. (In practice,
a person can normally block a scheme with less than a 25% interest given voter turnout at scheme
meetings is often substantially lower than 100%.)"
Pillar 1 - FTO (new thread), page-458
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