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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 4 - Members' rights to put resolutions etc. at general meetings  

SECTION 249N  MEMBERS' RESOLUTIONS  

249N(1)  [Who may give notice]  


The following members may give a company notice of a resolution that they propose to move at a general meeting:


(a) members with at least 5% of the votes that may be cast on the resolution; or


(b) at least 100 members who are entitled to vote at a general meeting.

249N(1A)  [Regulations may prescribe different number]  


The regulations may prescribe a different number of members for the purposes of the application of paragraph (1)(b) to:


(a) a particular company; or


(b) a particular class of company.

Without limiting this, the regulations may specify the number as a percentage of the total number of members of the company.

249N(2)  [Requirements of notice]  


The notice must:


(a) be in writing; and:


(b) set out the wording of the proposed resolution; and


(c) be signed by the members proposing to move the resolution.

249N(3)  [More than one copy]  


Separate copies of a document setting out the notice may be used for signing by members if the wording of the notice is identical in each copy.

249N(4)  [Percentage of votes]  


The percentage of votes that members have is to be worked out as at the midnight before the members give the notice.

 



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