THE CORPORATIONS LAW

CHAPTER 2G - MEETINGS

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES

Division 7 - Minutes and members' access to minutes

SECTION 253M   MINUTES  

253M(1)  (Minute books)  

A responsible entity of a registered scheme must keep minute books in which it records within 1 month:

(a)  proceedings of meetings of the scheme's members; and

(b)  resolutions of meetings of the scheme's members.

253M(2)  (Signing of minute books)  

The responsible entity must ensure that minutes of a meeting are signed within a reasonable time after the meeting by the chair of the meeting or the chair of the next meeting.

253M(3)  (Where minute books must be kept)  

The responsible entity must keep the minute books at:

(a)  its registered office; or

(b)  its principal place of business in Australia; or

(c)  another place approved by ASIC.

253M(4)  (Evidence)  

A minute that is so recorded and signed is evidence of the proceeding or resolution to which it relates, unless the contrary is proved.