CORPORATIONS ACT 2001 - SECT 253E Responsible entity and associates cannot vote if interested in resolution

CORPORATIONS ACT 2001 - SECT 253E

    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)).