Section 253E — Corporations Act 2001 (Cth)

The responsible entity of a registered scheme and its associates are not entitled to vote their interest on a resolution at a meeting of the scheme’s members if they have an interest in the resolution or matter other than as a member. However, if the scheme is listed, the responsible entity and its associates are entitled to vote their interest on resolutions to remove the responsible entity and choose a new responsible entity.

Note: The responsible entity and its associates may vote as proxies if their appointments specify the way they are to vote and they vote that way (see subsection 253A(2)).

Related sections

• s 253B — Body corporate representative
• s 253C — How many votes a member has
• s 253D — Jointly held interests
• s 253F — How to work out the value of an interest
• s 253G — Objections to a right to vote
• s 253H — Votes need not all be cast in the same way

Research how courts apply s 253E

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.