Corporations Act 2001

A responsible entity of a registered scheme must keep minute books in which it records within 1 month:

proceedings of meetings of the scheme’s members; and

resolutions of meetings of the scheme’s members.

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.

The responsible entity must keep the minute books at:

its registered office; or

its principal place of business in this jurisdiction; or

another place in this jurisdiction approved by ASIC.

An offence based on subsection (1), (2) or (3) is an offence of strict liability.

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.