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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

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

Division 7 - Minutes and members' access to minutes  

SECTION 253M  MINUTES  

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.

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.

253M(3)  [Location of minute books]  


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)  [Strict liability offence]  

 View history reference

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)  [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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