Corporations Act 2001
Note: This Part does not apply to a CCIV or its members. Instead, section 1228A applies a modified version of Part 2G.4 .
View history note
Hide history noteThe following members may give a company notice of a resolution that they propose to move at a general meeting:
(a) members with at least 5% of the votes that may be cast on the resolution; or
(b) at least 100 members who are entitled to vote at a general meeting. 249N(1A) [ Regulations may prescribe different number]
The regulations may prescribe a different number of members for the purposes of the application of paragraph (1)(b) to:
(a) a particular company; or
(b) a particular class of company.
Without limiting this, the regulations may specify the number as a percentage of the total number of members of the company.
249N(2) [ Requirements of notice](a) be in writing; and:
(b) set out the wording of the proposed resolution; and
(c) be signed by the members proposing to move the resolution. 249N(3) [ More than one copy]
Separate copies of a document setting out the notice may be used for signing by members if the wording of the notice is identical in each copy.
249N(4) [ Percentage of votes]The percentage of votes that members have is to be worked out as at the midnight before the members give the notice.
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