Victorian Consolidated Legislation

Trustee Companies Act 1984 - SECT 50

PART X GENERAL

Convening of meetings

50. Convening of meetings



(1) Notwithstanding anything to the contrary in the articles of association of
a trustee company two or more members holding not less than 2 per centum of
the issued share capital of a trustee company may convene a meeting of the
trustee company.

(2) A meeting convened under subsection (1) is declared to be applied
Corporations legislation matter for the purposes of Part 3 of the
Corporations (Ancillary Provisions) Act 2001 in relation to the provisions of
Parts 2G.2 (Meetings of members of companies) and 2G.3 (Minutes and members'
access to minutes) of the Corporations Act (other than the first sentence of
section 249F(1)) subject to the following modifications-

   (a)  those provisions apply as if a meeting convened under subsection (1)
        were a meeting of a company's members under Part 2G.2 of the
        Corporations Act;

   (b)  any other modifications (within the meaning of Part 3 of the
        Corporations (Ancillary Provisions) Act 2001) that are prescribed by
        the regulations.

Note Part 3 of the Corporations (Ancillary Provisions) Act 2001 provides for
the application of provisions of the Corporations Act and Part 3 of the ASIC
Act as laws of the State in respect of any matter declared by a law of the
State (whether with or without modification) to be an applied Corporations
legislation matter for the purposes of that Part in relation to those
Commonwealth provisions.