Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 6 - Meetings  

Subdivision B - Meetings of members of CCIVs or sub-funds  

SECTION 1228F   VOTING AT MEETINGS OF MEMBERS  

1228F(1)    
Sections 253C and 253D do not apply in relation to a CCIV or a sub-fund of a CCIV.

1228F(2)    
At a meeting of members of a CCIV:

(a)    on a show of hands, each member has 1 vote; and

(b)    on a poll, each member has 1 vote for each dollar of the value of the total shares in the CCIV that the member holds; and

(c)    the chair has a casting vote, and also, if the chair is a member, any vote the chair has in the chair ' s capacity as a member; and

(d)    if a share is held jointly and more than one member votes in respect of that share - only the vote of the member whose name appears first in the register of members counts.

1228F(3)    
At a meeting of members of a sub-fund of a CCIV:

(a)    on a show of hands, each member has 1 vote; and

(b)    on a poll, each member has 1 vote for each dollar of the value of the total shares in the CCIV that:

(i) are held by the member; and

(ii) are referable to the sub-fund; and

(c)    the chair has a casting vote, and also, if the chair is a member, any vote the chair has in the chair ' s capacity as a member; and

(d)    if a share that is referable to the sub-fund is held jointly and more than one member votes in respect of that share - only the vote of the member whose name appears first in the register of members counts.