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CORPORATIONS ACT 2001

CHAPTER 5C - MANAGED INVESTMENT SCHEMES  

PART 5C.3 - THE CONSTITUTION  

SECTION 601GC  CHANGING THE CONSTITUTION  

601GC(1)  [Changing the constitution]  


The constitution of a registered scheme may be modified, or repealed and replaced with a new constitution:


(a) by special resolution of the members of the scheme; or


(b) by the responsible entity if the responsible entity reasonably considers the change will not adversely affect members' rights.

601GC(2)  [Lodgment with ASIC]  


The responsible entity must lodge with ASIC a copy of the modification or the new constitution. The modification, or repeal and replacement, cannot take effect until the copy has been lodged.

601GC(3)  [Consolidated copy]  


The responsible entity must lodge with ASIC a consolidated copy of the scheme's constitution if ASIC directs it to do so.

601GC(4)  [Copy to member]  


The responsible entity must send a copy of the scheme's constitution to a member of the scheme within 7 days if the member:


(a) asks the responsible entity, in writing, for the copy; and


(b) pays any fee (up to the prescribed amount) required by the responsible entity.

 



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