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 253L   WHEN A POLL IS EFFECTIVELY DEMANDED  

253L(1)  [Who may demand a poll]  

At a meeting of a registered scheme's members, a poll may be demanded by:

(a)  at least 5 members present entitled to vote on the resolution; or

(b)  members present with at least 5% of the votes that may be cast on the resolution on a poll; or

(c)  the chair.

253L(2)  [Constitution]  

A registered scheme's constitution may provide that fewer members or members with a lesser percentage of votes may demand a poll.

253L(3)  [When poll may be demanded]  

The poll may be demanded:

(a)  before a vote is taken; or

(b)  before the voting results on a show of hands are declared; or

(c)  immediately after the voting results on a show of hands are declared.

253L(4)  [Determining votes]  

The percentage of votes that members have is to be worked out as at close of business on the day before the poll is demanded.


 

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