THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES

Division 1 - Who may call meetings of members

SECTION 252D   CALLING OF MEETINGS OF MEMBERS BY MEMBERS  

252D(1)  [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.

252D(2)  [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.

252D(3)  [Determining number 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.