Corporations Act 2001

CHAPTER 2G - MEETINGS

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED SCHEMES

Note: Section 1228A applies a modified version of this Part in relation to a CCIV. Section 1228B applies a modified version of this Part in relation to a sub-fund of a CCIV.

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Division 1 - Who may call meetings of members

SECTION 252D CALLING OF MEETINGS OF MEMBERS BY MEMBERS

252D(1) [ Members may call meeting]

Members of a registered scheme who hold interests carrying at least 5% of the votes that may be cast at a meeting of the scheme's members may call and arrange to hold a meeting of the scheme's members to consider and vote on a proposed special resolution or a proposed extraordinary resolution. The members calling the meeting must pay the expenses of calling and holding the meeting.

252D(2) [ How meeting to be called]

The meeting must be called in the same way - so far as is possible - in which meetings of the scheme's members may be called by the responsible entity.

252D(3) [ Percentage of votes]

The percentage of the votes carried by interests that members hold is to be worked out as at the midnight before the meeting is called.

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