Section 250U — Corporations Act 2001 (Cth)

This Division applies in relation to a listed company if:

(a) at an AGM (the later AGM) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and

(b) at the immediately preceding AGM (the earlier AGM) of the company, at least 25% of the votes cast on a resolution that the remuneration report be adopted were against adoption of the report; and

(c) a resolution was not put to the vote at the earlier AGM under an earlier application of section 250V.

Note: Subsection 250R(2) requires a resolution to adopt a remuneration report for a listed company to be put to the vote at the company’s AGM.

Related sections

• s 250S — Questions and comments by members on company management at AGM
• s 250SA — Listed company—remuneration report
• s 250T — Questions by members of auditors at AGM
• s 250V — Resolution to hold fresh elections for directors at special meeting to be put to vote at AGM
• s 250W — Consequences of spill resolution being passed
• s 250X — Ensuring there are at least 3 directors after spill meeting

Research how courts apply s 250U

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