THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

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

Division 5 - Proxies and body corporate representatives

SECTION 252W   RIGHTS OF PROXIES  

252W(1)  Rights of proxies.  

A proxy appointed to attend and vote for a member has the same rights as the member:

(a)  to speak at the meeting; and

(b)  to vote (but only to the extent allowed by the appointment).

252W(2)  Proxy's right to vote.  

A registered scheme's constitution (if any) may provide that a proxy is not entitled to vote on a show of hands.

Note:

Even if the proxy is not entitled to vote on a show of hands, they may make or join in the demand for a poll (see section 253L).

252W(3)  Effect of member's presence on proxy's authority.  

A registered scheme's constitution (if any) may provide for the effect that a member's presence at a meeting has on the authority of a proxy appointed to attend and vote for the member. However, if the constitution does not make such provision, a proxy's authority to speak and vote for a member at a meeting is suspended while the member is present at the meeting.