Western Australian Consolidated Acts Western Australian Consolidated Acts A registered society
which has invested any part of its capital in the shares or on the security of
any other body corporate may appoint as proxy any one of its members, although
such member is not personally a shareholder of such other body corporate. The
proxy shall, during the continuance of his appointment, be taken in virtue
thereof as holding the number of shares held by the society by whom he is
appointed for all purposes except the transfer of any such shares, or the
giving receipts for any dividends thereon.