Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 52

             (1)  A resolution is taken to have been passed at a meeting of the Board if:

                     (a)  the Board has determined:

                              (i)  that resolutions may be passed in accordance with this section; and

                             (ii)  the method by which Board members are to indicate agreement with a resolution proposed to be passed in accordance with this section; and

                     (b)  without meeting, a majority of the Board members indicate agreement with the resolution in accordance with the method determined by the Board; and

                     (c)  the majority would have constituted a quorum at a meeting of the Board; and

                     (d)  either:

                              (i)  all the Board members were informed of the resolution; or

                             (ii)  reasonable efforts were made to inform all the Board members of the resolution.

             (2)  Paragraph (1)(b) does not apply to a Board member who would have been prevented by section 71 from deliberating on the resolution if the resolution had been put to a meeting of the Board.