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 noteThis Division applies in relation to a listed company if:
(a) at an AGM (the later AGM ) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and
(b) at the immediately preceding AGM (the earlier AGM ) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and
(c) a resolution was not put to the vote at the earlier AGM under an earlier application of section 250V .
Note: Subsection 250R(2) requires a resolution to adopt a remuneration report for a listed company to be put to the vote at the company ' s AGM.
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