Commonwealth Consolidated Acts

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             (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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