it may, in accordance with this section, take steps to wind up the scheme.
(2) The responsible entity must give to the members of the scheme and to ASIC
a notice in writing:
- (a)
- explaining the proposal to wind up the scheme,
including explaining how the scheme's purpose has been accomplished or why
that purpose cannot be accomplished; and
- (b)
- informing the members of their rights to take action under Division 1
of Part 2G.4 for the calling of a members' meeting to consider the
proposed winding up of the scheme and to vote on any extraordinary resolution
members propose about the winding up of the scheme; and
- (c)
- informing the members that the responsible entity is permitted to wind up
the scheme unless a meeting is called to consider the proposed winding up of
the scheme within 28 days of the responsible entity giving the notice to the
members.
(3) If no meeting is called within that 28 days to consider the proposed
winding up, the responsible entity may wind up the scheme.