Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p41
Version: federal_register_of_legislation:F2022C01140
Segment Type: other
Provision Reference: 
Character Range: 113283–115987

books required to be kept under section 70‑10 of the Insolvency Practice Schedule (Corporations); and
           (b) lodge with ASIC a notice, in the approved form, of the outcome of the proposal within 5 business days of the outcome being known.

       75‑140  Adjournment of meetings

        (1) A meeting may be adjourned from time to time and from place to place:
           (a) by resolution; or
           (b) by the person presiding at the meeting.

        (2) The meeting must not be adjourned to a day that is more than 15 business days after the first day on which the original meeting was held.

        (3) Despite subsection (2), a meeting convened under section 439A of the Act must not be adjourned to a day that is more than 45 business days after the first day on which the original meeting was held.
 (4) Unless otherwise provided by the resolution by which it is adjourned:
 (a) if any of the persons entitled to attend the adjourned meeting is entitled to physically attend the adjourned meeting—the meeting is adjourned to the same location or locations as were specified for the original meeting; and
 (b) if the original meeting was held using virtual meeting technology—participation in the resumed meeting by means of the technology must be provided in the same manner as set out in the notice for the original meeting.

        (5) The convenor of the meeting or a person nominated by the convenor must, by the end of the next business day, give notice of the adjournment to the persons to whom notice of the meeting must be given under section 75‑10.

        (6) If a meeting is adjourned to a day more than 6 business days after the passing of the resolution by which it is adjourned, the company must cause notice of the day, time and place of the resumption of the meeting to be lodged in accordance with subregulation 5.6.75(4) of the regulations at least 5 business days before that day.

            Note: Subregulation 5.6.75(4) provides for notices to be electronically lodged and published on a website maintained by ASIC.

        (7) A resolution passed at a meeting resumed after an adjournment is passed on the day it was passed.

       75‑145  Minutes of meetings

        (1) The person presiding at the meeting must, within the period specified in subsection (2):
           (a) cause minutes of the proceedings to be drawn up and entered in a record kept for the purpose; and
           (b) sign the minutes after they have been entered in the record; and
           (c) lodge with ASIC in the approved form a copy of the minutes, certified by him or her to be a true copy.

        (2) The specified period is:
           (a) for a meeting other than a