Document ID: chunk:federal_register_of_legislation:C2011A00042:clause:1_201q
Version: federal_register_of_legislation:C2011A00042
Segment Type: clause
Provision Reference: sch 1 cl 201Q
Character Range: 31452–32167

201Q  Requirements for explanatory statement to members
  The statement accompanying the notice of a general meeting stating an intention to propose the board limit resolution must be in writing and set out clearly, concisely and effectively:
 (a) the directors' reasons for proposing the board limit resolution; and
 (b) all other information that:
 (i) is reasonably required by members in order to decide whether or not it is in the company's interests to pass the proposed board limit resolution; and
 (ii) is known to the company or to any of its directors.
Note: Section 1309 creates offences where false and misleading material relating to a corporation's affairs is made available or furnished to members.