Document ID: chunk:federal_register_of_legislation:C2025C00185:section:253e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 253E
Character Range: 843498–844185

253E  Responsible entity and associates cannot vote if interested in resolution
  The responsible entity of a registered scheme and its associates are not entitled to vote their interest on a resolution at a meeting of the scheme's members if they have an interest in the resolution or matter other than as a member. However, if the scheme is listed, the responsible entity and its associates are entitled to vote their interest on resolutions to remove the responsible entity and choose a new responsible entity.
Note: The responsible entity and its associates may vote as proxies if their appointments specify the way they are to vote and they vote that way (see subsection 253A(2)).