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 253N   MEMBERS' ACCESS TO MINUTES  

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253N(1)  (Inspection by numbers)  

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.

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

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.

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

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.

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

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

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.

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

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S 253N(4) amended by No 54 of 1998, Sch 5, Pt 2 (effective 1 July 1998).

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

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