Commonwealth Consolidated Regulations

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INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 75.150

Appointment of proxies

  (1)   A person entitled to vote at a meeting may, in writing, appoint an individual as the person's proxy to attend and vote at the meeting.

Note:   The appointment of a proxy must be in the approved form: see section   75 - 25.

  (2)   Subject to subsection   (3) and to the instrument of appointment, a proxy appointed under this section has the same right to speak and vote at the meeting as the person who appointed the proxy.

  (3)   A person is not entitled to speak or vote as proxy at the meeting unless the instrument of appointment (or a copy) has been given to:

  (a)   the trustee; or

  (b)   the person named in the notice convening the meeting as the person who is to receive the instrument.

  (4)   If an instrument appointing a proxy purports to appoint the regulated debtor as a proxy, the purported appointment does not have any effect. However, if the instrument also appoints another person as a proxy, the appointment of the other person is not affected and the instrument has effect as if the purported appointment of the regulated debtor were not included.



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