Document ID: chunk:federal_register_of_legislation:C2012A00073:clause:1_1
Version: federal_register_of_legislation:C2012A00073
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 956–1869

1  Subsection 250R(5)
Repeal the subsection, substitute:
 (5) However, a person (the voter) described in subsection (4) may cast a vote on the resolution as a proxy if the vote is not cast on behalf of a person described in subsection (4) and either:
 (a) the voter is appointed as a proxy by writing that specifies the way the proxy is to vote on the resolution; or
 (b) the voter is the chair of the meeting and the appointment of the chair as proxy:
 (i) does not specify the way the proxy is to vote on the resolution; and
 (ii) expressly authorises the chair to exercise the proxy even if the resolution is connected directly or indirectly with the remuneration of a member of the key management personnel for the company or, if the company is part of a consolidated entity, for the entity.

[Minister's second reading speech made in—
House of Representatives on 24 May 2012
Senate on 18 June 2012]
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