The law applies to all ASX listed companies.
See 30 Nov, AGM presentation, Item 3, page 29.
Also 3 Dec, Results of meeting, vote details bottom item.
Even though they may get a second strike it will only mean there will be a subsequent vote on the board make up. There's unlikely to be a 50% vote against the current team. It's more a point of credibility I think. It's a definite protest vote by stock holders that they do not believe the current rem package is appropriate for a company bleeding so much cash, and not producing the results.
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heading towards 'two strikes', page-4
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