Section 250E — Corporations Act 2001: 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.