Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 7   Meetings

46   First AGM

(1) Chapter 5 of the new Act does not apply in relation to an AGM of a transitional corporation held before 31 December 2007.

(2) The corporation's directors must call, and conduct, an AGM in accordance with the corporation's constitution before 31 December 2007.

(3) However, subitems (1) and (2) have no effect in relation to the transitional corporation if:

(a) the corporation's directors resolve; and

(b) the notice of the AGM states;

that Chapter 5 of the new Act is to apply in relation to the AGM.