THE CORPORATIONS LAW

CHAPTER 2F - MEMBERS' RIGHTS AND REMEDIES

PART 2F.2 - CLASS RIGHTS

Note:

This Part does not apply to the adoption or amendment of benefit fund rules or to consequential amendments to the rest of the company's constitution made under the Life Insurance Act 1995, see Subdivision 2 of Division 4 of Part 2A of that Act.

SECTION 246E   VARIATION, CANCELLATION OR MODIFICATION WITH UNANIMOUS SUPPORT OF CLASS  

246E     If the members in a class all agree (whether by resolution or written consent) to the variation, cancellation or modification, it takes effect:

(a)  if no later date is specified in the resolution or consent - on the date of the resolution or consent; or

(b)  on a later date specified in the resolution or consent.