AGL CORPORATE CONVERSION ACT 2002 - SECT 39
Application of certain ASX Listing Rules to registered AGL
AGL CORPORATE CONVERSION ACT 2002 - SECT 39
Application of certain ASX Listing Rules to registered AGL
39 Application of certain ASX Listing Rules to registered AGL
(1) Registered AGL is authorised to (and may) issue or agree to issue shares
in registered AGL despite anything to the contrary in ASX Listing Rule 7.1 if,
assuming the following, the issue or agreement would not have contravened that
Rule on the day it occurred--
(b) the date on which each such
preserved resolution was passed by the members of registered AGL was the date
on which each resolution was originally passed by the proprietors of AGL,
(2) Registered AGL is authorised to pay remuneration
payable to non-executive directors of registered AGL and its wholly owned
subsidiaries in accordance with any preserved resolution to which section 37
(1) applies despite anything to the contrary in ASX Listing Rule 10.17 if,
assuming the following, the payment would not have contravened that Rule on
the day it occurred--
(a) the members of registered AGL passed the resolution
on the date on which the resolution was originally passed by the proprietors
of AGL,
Note : Section 5G of the Corporations Act 2001 of
the Commonwealth provides that if a State law declares a provision of a State
law to be a Corporations legislation displacement provision, any provision of
the Corporations legislation with which the State provision would otherwise be
inconsistent does not apply to the extent necessary to avoid the
inconsistency.