This could be interesting reason, page-11

STH, of course you are right, my main concern has been not able to vote at the meetings, below is an answer from GCar on the other side re this subject, but it looks like I am the only one concerned about this subject which I find very odd.  I know that you are not holding, but the inability to have ones say from members who are holding  is not understood by me. Once again thanks for your quick and as always unbiased reply. retep

Hi Retep,

It appears there are a couple of rules here... It depends on whether it's an "ordinary resolution" or a "special resolution"... I found some info from (link provided below).

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Ordinary resolutions

Ordinary resolutions are not specifically defined in the Corporations Act and require only a simple majority to pass (i.e. more than 50% of the members present at the meeting, either in person, or by proxies, if allowed by the constitution).

Some of the matters on which an ordinary resolution is sufficient are:

election/re-election of directors
appointment of an auditor
acceptance of reports at the annual general meeting
strategic, commercial decisions
increase or reduction in the number of directors
passing a board limit resolution (for public companies)

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Special resolutions

Calling a meeting of members of a company or registered scheme

The notice of meeting sent to members advising them of the meeting must set out an intention to propose the special resolution and state the special resolution. This is in addition to the other information required to be provided in a notice of a meeting including the place, date and time of the meeting, the general nature of the meeting’s business and information about proxy votes where applicable.

Generally, notice of a meeting to members of a company must be given 21 days before the meeting is to be held. A listed company must give a least 28 days notice. Shorter notice can be given where members with at least 95% of the votes that may be cast at the meeting agree beforehand. However, the provision for shorter notice does not apply to a resolution to remove or appoint a director or to remove an auditor.

Notice of a meeting to members of a registered scheme must be given at least 21 days before the meeting is to be held. Registered schemes can’t give shorter notice.

Passing a special resolution when holding a meeting

At least 75% of the votes cast by members entitled to vote on a special resolution must be in favour of the resolution for it to be passed. However, it will not always be necessary for the members to physically meet in order to consider the resolution.

Passing a special resolution without holding a meeting

A proprietary company with more than 1 member can pass a resolution by circulating a document and having all the members entitled to vote sign a statement on the document that they are in favour of the resolution. Where two or more people hold shares together, each member of a joint membership must sign. The resolution is passed when the last member signs (i.e 100% of members entitled to vote agree). A ‘circulating resolution’ cannot be applied to a resolution to remove an auditor. The 75% requirement for votes in favour of the special resolution only applies when a company holds a physical meeting.

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Perhaps this is a "strategic, commercial decision" and sits in the first category above (ordinary resolution)..? But I'm not sure!

Hope this helps ...or at least provides a base from which to do some more googling..!

Thanks for that GC,So (75% of members entitled to vote) unfortunately two thirds of the share holders are not entitled to vote, since moving to Singapore. What was the real reason for the move???????? I Remember Bond telling us that he was P...ed off re us not being able to vote, and that he would get it fixed up. The company have no intention of passing on information that would resolve this issue, I know, I have tried to get answers.