Corporations Act 2001
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)
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)
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.
[ CCH Note: S 253M(3) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " in para (c) (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
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 .
A minute that is so recorded and signed is evidence of the proceeding or resolution to which it relates, unless the contrary is proved.