Section 253M — Corporations Act 2001 (Cth)

(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.

Related sections

• s 253K — Matters on which a poll may be demanded
• s 253L — When a poll is effectively demanded
• s 253LA — Requirements for a special resolution or an extraordinary resolution
• s 253N — Members’ access to minutes
• s 253S — Electronic recording and keeping of minute books
• s 253T — Exceptional circumstances—AGM

Research how courts apply s 253M

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.