Corporations Act 2001

CHAPTER 2G - MEETINGS  

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

Note: Section 1228A applies a modified version of this Part in relation to a CCIV. Section 1228B applies a modified version of this Part in relation to a sub-fund of a CCIV.

Division 7 - Minutes and members' access to minutes  

SECTION 253M   MINUTES  

253M(1)    
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)    
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)    
The responsible entity must keep the minute books at:

(a)    its registered office; or

(b)    its principal place of business in this jurisdiction; or

(c)    another place in this jurisdiction approved by ASIC.

253M(3A)    

An offence based on subsection (1) , (2) or (3) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .

253M(4)    
A minute that is so recorded and signed is evidence of the proceeding or resolution to which it relates, unless the contrary is proved.