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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 7 - Voting at meetings of members  

SECTION 250E  HOW MANY VOTES A MEMBER HAS (REPLACEABLE RULE - SEE SECTION 135)  

250E(1)  Company with share capital.  


Subject to any rights or restrictions attached to any class of shares, at a meeting of members of a company with a share capital:


(a) on a show of hands, each member has 1 vote; and


(b) on a poll, each member has 1 vote for each share they hold.

Note: 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).

250E(2)  Company without share capital.  


Each member of a company that does not have a share capital has 1 vote, both on a show of hands and a poll.

250E(3)  Chair's casting vote.  


The chair has a casting vote, and also, if they are a member, any vote they have in their capacity as a member.

Note 1: The chair may be precluded from voting, for example, by a conflict of interest.

Note 2: For rights to appoint proxies, see section 249X.


 



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