(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.

(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.