Corporations Act 2001

CHAPTER 2G - MEETINGS  

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

Note: Section 1228A applies a modified version of this Part in relation to a CCIV. Section 1228B applies a modified version of this Part in relation to a sub-fund of a CCIV.

Division 5 - Proxies and body corporate representatives  

SECTION 252V   WHO CAN APPOINT A PROXY  

252V(1)   [ Proxy]  

A member of a registered scheme who is entitled to attend and cast a vote at a meeting of the scheme's members may appoint a person as the member's proxy to attend and vote for the member at the meeting.

252V(2)   [ Number of votes]  

The appointment may specify the proportion or number of votes that the proxy may exercise.

252V(3)   [ One or two proxies]  

A member may appoint 1 or 2 proxies. If the member appoints 2 proxies and the appointment does not specify the proportion or number of the member's votes each proxy may exercise, each proxy may exercise half of the votes.

252V(4)   [ Fractions of votes]  

Disregard any fractions of votes resulting from the application of subsection (2) or (3).