Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 249L

Contents of notice of meetings of members

             (1)  A notice of a meeting of a company's members must:

                     (a)  set out the place, date and time for the meeting (and, if the meeting is to be held in 2 or more places, the technology that will be used to facilitate this); and

                     (b)  state the general nature of the meeting's business; and

                     (c)  if a special resolution is to be proposed at the meeting--set out an intention to propose the special resolution and state the resolution; and

                     (d)  if a member is entitled to appoint a proxy--contain a statement setting out the following information:

                              (i)  that the member has a right to appoint a proxy;

                             (ii)  whether or not the proxy needs to be a member of the company;

                            (iii)  that a member who is entitled to cast 2 or more votes may appoint 2 proxies and may specify the proportion or number of votes each proxy is appointed to exercise.

Note:          There may be other requirements for disclosure to members.

             (2)  The notice of the AGM of a listed company must also:

                     (a)  inform members that the resolution referred to in subsection 250R(2) (resolution on remuneration report) will be put at the AGM; and

                     (b)  if at the previous AGM at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report (but the same was not the case at the AGM before that):

                              (i)  explain the circumstances in which subsection 250V(1) would apply; and

                             (ii)  inform members that the resolution described in subsection 250V(1) as the spill resolution will be put at the AGM if that subsection applies.

Note:          Subsection 250R(2) requires a resolution to adopt a remuneration report for a listed company to be put to the vote at the company's AGM.

             (3)  The information included in the notice of meeting must be worded and presented in a clear, concise and effective manner.



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