MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES
Who may call meetings of members
SECTION 252DCALLING OF MEETINGS OF MEMBERS BY MEMBERS
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.
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.
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.