Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 253N

Members' access to minutes

 
 
(1)
The responsible entity of a registered scheme
must ensure that the minute books for the meetings of the scheme's members are
open for inspection by members free of charge.


(2)
A member of a registered scheme may ask the responsible entity in
writing for a copy of any minutes of a meeting of the scheme's members or an
extract of the minutes.


(3)
If the responsible entity does not require the member to pay for
the copy, the responsible entity 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 responsible entity requires
payment for the copy, the responsible entity must send it: 
 
 
 
(a)
within 14 days after the
responsible entity receives the payment; or

(b)
within any longer period that ASIC approves. 

 
The amount of any payment the responsible entity requires
cannot exceed the prescribed amount.