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 .
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Hide history noteA member of a company who is entitled to attend and cast a vote at a meeting of the company's members may appoint a person as the member's proxy to attend and vote for the member at the meeting.
249X(1A) [ Individual or body corporate]The person appointed as the member's proxy may be an individual or a body corporate.
Note: A body corporate may appoint a representative to exercise the powers that the body corporate may exercise as the member's proxy, see section 250D .
The appointment may specify the proportion or number of votes that the proxy may exercise.
249X(3) [ Members' entitlement to appoint proxies]Each member may appoint a proxy. If the member is entitled to cast 2 or more votes at the meeting, they may appoint 2 proxies. If the member appoints 2 proxies and the appointment does not specify the proportion or number of the member's votes each proxy may exercise, each proxy may exercise half of the votes.
249X(4) [ Fractions of votes]Disregard any fractions of votes resulting from the application of subsection (2) or (3).
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