Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 251B

Members' access to minutes

 
 
(1)
A company must ensure that the minute books for
the meetings of its members and for resolutions of members passed without
meetings are open for inspection by members free of charge.


(2)
A member of a company may ask the company in writing for a copy
of: 
 
 
 
(a)
any minutes of
a meeting of the company's members or an extract of the minutes;
or

(b)
any minutes of a resolution passed by members without a meeting.


 
 
(3)
If the company does not require the
member to pay for the copy, the company must send it: 
 
 
 
(a)
within 14 days after the member
asks for it; or

(b)
within any longer period that ASIC approves. 

 
 
(4)
If the company requires payment for the
copy, the company must send it: 
 
 

(a)
within 14 days after the company receives the payment;
or

(b)
within any longer period that ASIC approves. 

 
The amount of any payment the company requires cannot exceed
the prescribed amount.