Corporate Law Economic Reform Program Act 1999 (156 of 1999)

Schedule 6   Miscellaneous amendments of the Corporations Law

6   After subsection 249N(1)

Insert:

(1A) 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.