THE CORPORATIONS LAW

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.