Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1228F

Voting at meetings of members

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

  (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.

  (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.


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