Document ID: chunk:federal_register_of_legislation:C2025C00182:section:107b
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 107B
Character Range: 448084–448795

107B  ASIC resolutions without meetings
  A resolution is taken to have been passed at a meeting if:
 (a) ASIC has determined:
 (i) that resolutions may be passed in accordance with this section; and
 (ii) the method of indicating agreement with a resolution passed in accordance with this section; and
 (b) without meeting, a majority of the members indicate agreement with the resolution in accordance with the method determined by ASIC; and
 (c) that majority would have constituted a quorum at a meeting; and
 (d) all members were informed of the proposed resolution, or reasonable efforts were made to inform all members of the proposed resolution.

Part 5—ASIC's members

Division 1—Terms and conditions