THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

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

Division 6 - Voting at meetings of members

SECTION 253C   HOW MANY VOTES A MEMBER HAS  

253C(1)  (Show of hands)  

On a show of hands, each member of a registered scheme has 1 vote.

253C(2)  (Poll)  

On a poll, each member of the scheme has 1 vote for each dollar of the value of the total interests they have in the scheme.

Note 1:

For rights to appoint proxies, see section 252V.

Note 2:

Unless otherwise specified in the appointment, a body corporate representative has all the powers that a body corporate has as a member (including the power to vote on a show of hands).