THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

CHAPTER 2G - MEETINGS

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PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES

Division 7 - Voting at meetings of members

SECTION 250E HOW MANY VOTES A MEMBER HAS (replaceable rule - see section 135)

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250E(1) Company with share capital.

Subject to any rights or restrictions attached to any class of shares, at a meeting of members of a company with a share capital:

(a) on a show of hands, each member has 1 vote; and

(b) on a poll, each member has 1 vote for each share they hold.

Note:

Unless otherwise specified in the appointment, a body corporate representative has all the powers that a body corporate has as a member (including the power to vote on a show of hands).

250E(2) Company without share capital.

Each member of a company that does not have a share capital has 1 vote, both on a show of hands and a poll.

250E(3) Chair's casting vote.

The chair has a casting vote, and also, if they are a member, any vote they have in their capacity as a member.

Note 1:

The chair may be precluded from voting, for example, by a conflict of interest.

Note 2:

For rights to appoint proxies, see section 249X.

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