Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 249X

Who can appoint a proxy (replaceable rule for proprietary companies and mandatory rule for public companies—see section 135)

 
 
(1)
A member of a company who is entitled to attend
and cast a vote at a meeting of the company's members may appoint a person as
the member's proxy to attend and vote for the member at the meeting.


(2)
The appointment may specify the proportion or number of votes
that the proxy may exercise.


(3)
Each member may appoint a proxy. If the member is entitled to
cast 2 or more votes at the meeting, they may appoint 2 proxies. If the member
appoints 2 proxies and the appointment does not specify the proportion or
number of the member's votes each proxy may exercise, each proxy may exercise
half of the votes.


(4)
Disregard any fractions of votes resulting from the application
of subsection (2) or (3).