Document ID: chunk:federal_register_of_legislation:C2010C00237:clause:3_46
Version: federal_register_of_legislation:C2010C00237
Segment Type: clause
Provision Reference: sch 3 cl 46
Character Range: 57507–58033

46  First AGM

(1) Chapter 5 of the new Act does not apply in relation to an AGM of a transitional corporation held before 31 December 2007.

(2) The corporation's directors must call, and conduct, an AGM in accordance with the corporation's constitution before 31 December 2007.

(3) However, subitems (1) and (2) have no effect in relation to the transitional corporation if:
 (a) the corporation's directors resolve; and
 (b) the notice of the AGM states;
that Chapter 5 of the new Act is to apply in relation to the AGM.