253C
In forceHow many votes a member has
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2GMeetings
Part 2G.4Meetings of members of registered schemes
Division 6Voting at meetings of members
253C How many votes a member has
(1)
On a show of hands, each member of a registered scheme has 1 vote.
(2)
On a poll, each member of the scheme has 1 vote for each dollar of the value of the total interests they have in the scheme.
Note 1:
For rights to appoint proxies, see section 252V.
Note 2:
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).
This Act’s bill:Explanatory memorandumSecond reading speech
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