THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES

Division 5 - Proxies and body corporate representatives

SECTION 252V   WHO CAN APPOINT A PROXY  

252V(1)  (Proxy)  

A member of a registered scheme who is entitled to attend and cast a vote at a meeting of the scheme's members may appoint a person as the member's proxy to attend and vote for the member at the meeting.

252V(2)  (Number of votes)  

The appointment may specify the proportion or number of votes that the proxy may exercise.

252V(3)  (1 or 2 proxies)  

A member may appoint 1 or 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.

252V(4)  (Fractions of votes)  

Disregard any fractions of votes resulting from the application of subsection (2) or (3).