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CORPORATIONS ACT 2001 - SECT 253M Minutes

CORPORATIONS ACT 2001 - SECT 253M

Minutes

  (1)   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.

  (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.

  (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.

  (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 .

  (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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