Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 2   ALRC Financial Services Interim Report

Part 3   Other amendments

Division 2   Definitions about resolutions

Corporations Act 2001

112   At the end of Division 7 of Part 2G.2

Add:

250MA Requirements for a special resolution

For a resolution of a company to have effect as a special resolution:

(a) notice given under section 249J of the meeting at which the resolution is proposed must include the information required by paragraph 249L(1)(c) in relation to the resolution; and

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

(c) the resolution must be otherwise valid.