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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 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]  

 View history reference

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.


 



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