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 6 - Voting at meetings of members  

SECTION 253LA   REQUIREMENTS FOR A SPECIAL RESOLUTION OR AN EXTRAORDINARY RESOLUTION  

253LA(1)    
For a resolution of the members of a registered scheme to have effect as a special resolution:

(a)    notice given under section 252G of the meeting at which the resolution is proposed must include the information required by paragraph 252J(c) in relation to the resolution; and

(b)    the resolution must be passed by at least 75% of the votes cast by members of the scheme who are entitled to vote on the resolution; and

(c)    the resolution must be otherwise valid.

253LA(2)    
For a resolution of the members of a registered scheme to have effect as an extraordinary resolution:

(a)    notice given under section 252G of the meeting at which the resolution is proposed must include the information required by paragraph 252J(c) in relation to the resolution; and

(b)    the resolution must be passed by at least 50% of the votes that may be cast by members of the scheme who are entitled to vote on the resolution (including members who are not present in person or by proxy).

(c)    the resolution must be otherwise valid.