Document ID: chunk:federal_register_of_legislation:C2025C00185:section:253m
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 253M
Character Range: 848993–849915

253M  Minutes
 (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.
 (3A) An offence based on subsection (1), (2) or (3) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (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.