THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES

Division 6 - Proxies and body corporate representatives

SECTION 249X   WHO CAN APPOINT A PROXY (replaceable rule for proprietary companies and mandatory rule for public companies - see section 135)  

249X(1)  (Appointment of proxy)  

A member of a company who is entitled to attend and cast a vote at a meeting of the company's members may appoint a person as the member's proxy to attend and vote for the member at the meeting.

249X(2)  (Proportion or number of votes)  

The appointment may specify the proportion or number of votes that the proxy may exercise.

249X(3)  (Members' entitlement to appoint proxies)  

Each member may appoint a proxy. If the member is entitled to cast 2 or more votes at the meeting, they may appoint 2 proxies. If the member appoints 2 proxies and the appointment does not specify the proportion or number of the member's votes each proxy may exercise, each proxy may exercise half of the votes.

249X(4)  (Fractions of votes)  

Disregard any fractions of votes resulting from the application of subsection (2) or (3).