Voting rights

The Corporations Act and the Constitution provides that each Member

  • has the following voting rights:
  • on a show of hands, each Member present in person or by proxy has
  • one vote;
  • on a poll, each Member has one vote for each dollar of the value of
  • the total Memberships of that Member. The value of the Membership
  • is the amount that the Responsible Entity determines in writing
  • to be the price that a willing but not anxious buyer would pay for
  • the Membership if the Membership was sold on the business day
  • immediately before the day on which the poll is taken;
  • votes may be given either personally, by proxy, by attorney or, in the
  • case of a Member which is a company, by a person appointed as an
  • authorised representative of the company under the Corporations Act.