THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 2G - MEETINGS

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Ch 2G inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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

Division 7 - Minutes and members' access to minutes

SECTION 253M   MINUTES  

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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.

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S 253M(1) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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.

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S 253M(2) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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.

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S 253M(3) amended by No 54 of 1998, Sch 5, Pt 2 (effective 1 July 1998).

S 253M(3) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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.

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S 253M(4) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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