Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 250U

Application

                   This Division applies in relation to a listed company if:

                     (a)  at an AGM (the later AGM ) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and

                     (b)  at the immediately preceding AGM (the earlier AGM ) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and

                     (c)  a resolution was not put to the vote at the earlier AGM under an earlier application of section 250V.

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.



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