Corporate Law Economic Reform Program Act 1999 (156 of 1999)
Schedule 6 Miscellaneous amendments of the Corporations Law
5 After subsection 249D(1)
Insert:
(1A) The regulations may prescribe a different number of members for the purposes of the application of paragraph (1)(b) to:
(a) a particular company; or
(b) a particular class of company.
Without limiting this, the regulations may specify the number as a percentage of the total number of members of the company.
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