Document ID: chunk:federal_register_of_legislation:C2011A00042:clause:1_250u
Version: federal_register_of_legislation:C2011A00042
Segment Type: clause
Provision Reference: sch 1 cl 250U
Character Range: 17210–17914

250U  Application
  This Division applies in relation to a listed company if:
 (a) at an AGM (the later AGM) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and
 (b) at the immediately preceding AGM (the earlier AGM) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and
 (c) a resolution was not put to the vote at the earlier AGM under an earlier application of section 250V.
Note: Subsection 250R(2) requires a resolution to adopt a remuneration report for a listed company to be put to the vote at the company's AGM.