ARB : Constitution

Preliminary

6

1.

Defined terms

6

2.

Interpretation

7

3.

Replaceable rules

7

4.

Transitional provisions

8

Shares

8

5.

Currency

8

6.

Issue of Shares

8

7.

Preference Shares

9

8.

Commission and brokerage

10

9.

Trusts not recognised

10

10.

Joint holders

10

11.

Share certificates

10

12.

Variation of class rights

11

13.

Non-marketable parcels

11

Calls

13

14.

General

13

15.

Instalments and amounts which become payable

13

16.

Interest and expenses

14

17.

Recovery of amounts due

14

18.

Differentiation

14

19.

Payment of calls in advance

14

Lien and forfeiture

14

20.

Lien

14

21.

Lien sale

15

22.

Forfeiture notice

15

23.

Forfeiture

16

24.

Liability of former Member

16

25.

Disposal of Shares

16

Transfer of Shares

17

26.

General

17

27.

Transfer procedure

18

28.

Right to refuse registration

18

29.

Escrow restrictions

19

Transmission of Shares

19

30.

Title on death

19

31.

Entitlement to transmission

19

Constitution: ARB Corporation Limited

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Changes to Share capital

20

32.

Alteration of share capital

20

33.

Reductions of capital

20

34.

Ancillary powers

21

35.

Buy-backs

21

Powers of attorney

21

36.

Powers of attorney

21

General meetings

21

37.

Calling general meeting

21

38.

Notice

22

39.

Business

23

Proceedings at general meetings

23

40.

Member

23

41.

Quorum

23

42.

Chairperson

24

43.

General conduct

24

44.

Postponement and Adjournment

24

45.

Decisions

26

46.

Taking a poll

26

47.

Casting vote of chairperson

27

48.

Admission to general meetings

27

49.

Auditor's right to be heard

28

Votes of Members

28

50.

Entitlement to vote

28

51.

Unpaid calls

29

52.

Joint holders

29

53.

Objections

29

54.

Votes by proxy

29

55.

Direct Votes

30

56.

Document appointing proxy

30

57.

Proxy in blank

31

58.

Lodgement of proxy

31

59.

Validity

31

60.

Representatives of bodies corporate

32

Appointment and removal of Directors

32

61.

Number of Directors

32

62.

Qualification

32

63.

Power to remove and appoint

33

64.

Additional and casual Directors

33

65.

Retirement of Directors

33

66.

Eligibility for election as Director

33

67.

Vacation of office

34

Constitution: ARB Corporation Limited

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Remuneration of Directors

34

68.

Remuneration of Non-Executive Directors

34

69.

Remuneration of Executive Directors

35

70.

Retirement benefits

35

Powers and duties of Directors

36

71.

Directors to manage Company

36

Proceedings of Directors

36

72.

Directors' meetings

36

73.

Decisions

37

74.

Directors' interests

37

75.

Alternate Directors

38

76.

Remaining Directors

38

77.

Chairperson

38

78.

Delegation

39

79.

Written resolutions

39

80.

Validity of acts of Directors

40

81.

Minutes

40

Executive Directors

40

82.

Appointment

40

83.

Powers of Executive Directors

41

Local management

41

84.

General

41

85.

Appointment of attorneys and agents

42

Secretary

42

86.

Secretary

42

Seals

42

87.

Common Seal

42

88.

Duplicate Seal

43

Inspection of records

43

89.

Times for inspection

43

Dividends and reserves

43

90.

Dividends

43

91.

Amend resolution to pay dividend

43

92.

No interest

43

93.

Reserves

44

94.

Dividend entitlement

44

95.

Deductions from dividends

45

96.

Distribution of assets

45

97.

Payment

45

98.

Election to reinvest dividend

46

Constitution: ARB Corporation Limited

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99.

Election to accept Shares in lieu of dividend

46

100.

Capitalisation of amounts available for distribution

47

Notices

48

101.

Service of notices

48

102.

Persons entitled to notice

49

Audit and financial records

49

103.

Company to keep financial records

49

Winding up

49

104.

Winding up

49

Indemnity

50

105.

Indemnity

50

106.

Shareholder disclosure

51

Listing Rules

51

107.

ASX Listing Rules

51

Constitution: ARB Corporation Limited

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