Document ID: chunk:federal_register_of_legislation:C2025C00185:section:250e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 250E
Character Range: 780267–781238

250E  How many votes a member has (replaceable rule—see section 135)

Company with share capital
 (1) Subject to any rights or restrictions attached to any class of shares, at a meeting of members of a company with a share capital:
 (a) on a show of hands, each member has 1 vote; and
 (b) on a poll, each member has 1 vote for each share they hold.
Note: Unless otherwise specified in the appointment, a body corporate representative has all the powers that a body corporate has as a member (including the power to vote on a show of hands).

Company without share capital
 (2) Each member of a company that does not have a share capital has 1 vote, both on a show of hands and a poll.

Chair's casting vote
 (3) The chair has a casting vote, and also, if they are a member, any vote they have in their capacity as a member.
Note 1: The chair may be precluded from voting, for example, by a conflict of interest.
Note 2: For rights to appoint proxies, see section 249X.