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 253N   MEMBERS' ACCESS TO MINUTES  

253N(1)   [ Inspection by members]  

The responsible entity of a registered scheme must ensure that the minute books for the meetings of the scheme's members are open for inspection by members free of charge.

253N(2)   [ Copy of minutes]  

A member of a registered scheme may ask the responsible entity in writing for a copy of any minutes of a meeting of the scheme's members or an extract of the minutes.

253N(3)   [ No payment required]  

If the responsible entity does not require the member to pay for the copy, the responsible entity must send it:

(a) within 14 days after the member asks for it; or

(b) within any longer period that ASIC approves.

253N(4)   [ Payment required]  

If the responsible entity requires payment for the copy, the responsible entity must send it:

(a) within 14 days after the responsible entity receives the payment; or

(b) within any longer period that ASIC approves.

The amount of any payment the responsible entity requires cannot exceed the prescribed amount.

253N(5)   [ Strict liability offence]  

An offence based on subsection (1), (3) or (4) is an offence of strict liability.

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