Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.