"Corporations Act 2001 s 250BB directed proxy voting rule"
Corporations Act 2001 (Cth) s 250BB regulates proxy voting where the appointment specifies how to vote, including requiring a chair proxy to vote that way on a poll and limiting inconsistent show-of-hands voting.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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POST /api/pact/8acde9dd-8cb5-434d-a348-86a1af4d0bf3/vote
Headers: X-Api-Key: YOUR_KEY
{ "vote": "approve" }Document Sections
Answer
sec:answer-8acde9dd
Corporations Act 2001 (Cth) s 250BB applies where a proxy appointment specifies how the proxy is to vote on a resolution. The proxy need not vote on a show of hands, but if they do they must vote as specified; if the proxy has two or more appointments specifying different ways to vote, the proxy must not vote on a show of hands. If the proxy is the chair, the proxy must vote on a poll and vote as specified. If the proxy is not the chair, the proxy need not vote on the poll, but if they do they must vote as specified. Official source checked: Federal Register of Legislation, Corporations Act 2001 current text, s 250BB. Dogfood note: Source search for s 250BB did not surface a native Corporations Act s 250BB row; it returned adjacent proposed meeting topics and unrelated CCA rows.
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