"strike 3 and you are out domr2d2"nah mate its two!! Thats why...

"strike 3 and you are out domr2d2"

nah mate its two!!
Thats why ASIC call it the‘two strikes rule’.

Resolution 2 Adoption of Remuneration Report
The Corporations Act requires that a resolution be put to the members to receive, approve and adopt the Remuneration Report as disclosed in the Directors’ Report. The vote on this resolution isadvisory only and non-binding.
The resolution gives the members the opportunity to ask questions or make comments concerning the Remuneration Report during the meeting.

Under the Corporations Act 2001, if 25% or more of votes that are cast are voted against the adoption of the
Remuneration Report at two consecutive AGMs, shareholders will be required to vote at the second of
those AGMs on a resolution (a “spill resolution”) that another meeting be held within 90 days at which
all of the Company’s Directors (other than the Managing Director) must stand for re-election. At the
2011 AGM, more than 25% of the votes cast on the Adoption of the Remuneration Report were against that resolution.
In a letter accompanying this Notice of Meeting the Chairman of Intec has outlined the changes made
to the Company’s remuneration policies and practices since the 2011 AGM.

Resolution 3 Spill Resolution
At the 2011 AGM, more than 25% of the votes cast on the Adoption of the Remuneration Report were against that resolution. As a consequence, the Company was deemed to have received a ‘first strike’ under the ‘two strikes rule’.
If 25% or more of the votes cast on Resolution 2, Adoption of Remuneration Report, are against that Resolution at this AGM, then this will be the ‘second strike’, and the Company is then required by the Corporations Act to put to Shareholders a resolution to determine whether the Company should hold a spill meeting within 90 days of this AGM.