Corporations Act 2001
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.
View history note
Hide history noteA 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.
[ CCH Note: S 253M(3) will be amended by No 69 of 2020, s 3, Sch 1[562], by substituting " the Registrar " for " ASIC " in para (c) (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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.
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