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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 5 - Holding meetings of members  

SECTION 249T  QUORUM (REPLACEABLE RULE - SEE SECTION 135)  

249T(1)  [Quorum]  


The quorum for a meeting of a company's members is 2 members and the quorum must be present at all times during the meeting.

Note: For single member companies, see section 249B.

249T(2)  [Determining whether quorum present]  


In determining whether a quorum is present, count individuals attending as proxies or body corporate representatives. However, if a member has appointed more than 1 proxy or representative, count only 1 of them. If an individual is attending both as a member and as a proxy or body corporate representative, count them only once.

Note 1: For rights to appoint proxies, see section 249X.

Note 2: For body corporate representatives, see section 250D.

249T(3)  [No quorum present]  


A meeting of the company's members that does not have a quorum present within 30 minutes after the time for the meeting set out in the notice of meeting is adjourned to the date, time and place the directors specify. If the directors do not specify 1 or more of those things, the meeting is adjourned to:


(a) if the date is not specified - the same day in the next week; and


(b) if the time is not specified - the same time; and


(c) if the place is not specified - the same place.

249T(4)  [No quorum at resumed meetings]  


If no quorum is present at the resumed meeting within 30 minutes after the time for the meeting, the meeting is dissolved.

 



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