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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 3 - How to call meetings of members  

SECTION 249L  CONTENTS OF NOTICE OF MEETINGS OF MEMBERS  

249L(1)  [Contents of notice]  


A notice of a meeting of a company's members must:


(a) set out the place, date and time for the meeting (and, if the meeting is to be held in 2 or more places, the technology that will be used to facilitate this); and


(b) state the general nature of the meeting's business; and


(c) if a special resolution is to be proposed at the meeting - set out an intention to propose the special resolution and state the resolution; and


(d) if a member is entitled to appoint a proxy - contain a statement setting out the following information:


(i) that the member has a right to appoint a proxy;

(ii) whether or not the proxy needs to be a member of the company;

(iii) that a member who is entitled to cast 2 or more votes may appoint 2 proxies and may specify the proportion or number of votes each proxy is appointed to exercise.

Note: There may be other requirements for disclosure to members.

249L(2)  [Resolution on remuneration report]  

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The notice of the AGM of a listed company must also:


(a) inform members that the resolution referred to in subsection 250R(2) (resolution on remuneration report) will be put at the AGM; and


(b) if at the previous AGM at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report (but the same was not the case at the AGM before that):


(i) explain the circumstances in which subsection 250V(1) would apply; and

(ii) inform members that the resolution described in subsection 250V(1) as the spill resolution will be put at the AGM if that subsection applies.

Note: Subsection 250R(2) requires a resolution to adopt a remuneration report for a listed company to be put to the vote at the company's AGM.

249L(3)  [Wording and presentation]  

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The information included in the notice of meeting must be worded and presented in a clear, concise and effective manner.


 



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