Corporations Amendment (Improving Accountability on Termination Payments) Act 2009 (115 of 2009)
Schedule 1 Amendments
Part 1 Main amendments
Corporations Act 2001
22 After subsection 200E(2)
Third condition - for approvals relating to section 200B
(2A) The third condition is that at the general meeting, a vote on the resolution must not be cast (in any capacity) by or on behalf of:
(a) the retiree; or
(b) an associate of the retiree.
(2B) Subsection (2A) does not prevent the casting of a vote if:
(a) it is cast by a person as a proxy appointed by writing that specifies how the proxy is to vote on the resolution; and
(b) it is not cast on behalf of the retiree or an associate of the retiree.
(2C) The regulations may prescribe cases where subsection (2A) does not apply.