Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 52

  (1)   A resolution is taken to have been passed at a meeting of the Board if:

  (a)   the Board has determined:

  (i)   that resolutions may be passed in accordance with this section; and

  (ii)   the method by which Board members are to indicate agreement with a resolution proposed to be passed in accordance with this section; and

  (b)   without meeting, a majority of the Board members indicate agreement with the resolution in accordance with the method determined by the Board; and

  (c)   the majority would have constituted a quorum at a meeting of the Board; and

  (d)   either:

  (i)   all the Board members were informed of the resolution; or

  (ii)   reasonable efforts were made to inform all the Board members of the resolution.

  (2)   Paragraph   (1)(b) does not apply to a Board member who would have been prevented by section   71 from deliberating on the resolution if the resolution had been put to a meeting of the Board.