How many votes a member has (replaceable rule—see section 135)
250E How many votes a member has (replaceable rule—see section 135)
Company with share capital
Subject to any rights or restrictions attached to any class of shares, at a meeting of members of a company with a share capital:
on a show of hands, each member has 1 vote; and
on a poll, each member has 1 vote for each share they hold.
Unless otherwise specified in the appointment, a body corporate representative has all the powers that a body corporate has as a member (including the power to vote on a show of hands).
Company without share capital
Each member of a company that does not have a share capital has 1 vote, both on a show of hands and a poll.
Chair’s casting vote
The chair has a casting vote, and also, if they are a member, any vote they have in their capacity as a member.
The chair may be precluded from voting, for example, by a conflict of interest.
For rights to appoint proxies, see section 249X.
This Act’s bill:Explanatory memorandumSecond reading speech
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