Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 252D

Calling of meetings of members by members

             (1)  Members of a registered scheme who hold interests carrying at least 5% of the votes that may be cast at a meeting of the scheme's members may call and arrange to hold a meeting of the scheme's members to consider and vote on a proposed special resolution or a proposed extraordinary resolution. The members calling the meeting must pay the expenses of calling and holding the meeting.

             (2)  The meeting must be called in the same way--so far as is possible--in which meetings of the scheme's members may be called by the responsible entity.

             (3)  The percentage of the votes carried by interests that members hold is to be worked out as at the midnight before the meeting is called.



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