Treasury Laws Amendment (2021 Measures No. 1) Act 2021 (82 of 2021)

Schedule 1   Virtual meetings and electronic communication of documents

Part 1   Main amendments

Corporations Act 2001

30   Subsection 253J(2)

Repeal the subsection, substitute:

(2) Any other resolution put to the vote at a meeting of the scheme's members must be decided:

(a) on a poll, if:

(i) virtual meeting technology is used in holding the meeting and the scheme's constitution does not provide otherwise; or

(ii) a poll is demanded; or

(b) otherwise - on a show of hands.

The resolution is passed on a poll if it has been passed by at least 50% of the votes cast by members entitled to vote on the resolution.