Under the Corporations Act 2001, companies must keep registers of members and option holders for at least Former members: 7 years. Clock starts: the person stopped being a member.
The register of members, the register of option holders, and copies of documents granting options.
4 provisions of the Corporations Act 2001 apply to these records. Each one is set out below.
The terms
Conditions and exceptions Caution
From the provisions:
- Register of option holders required only if the company or scheme grants options over unissued shares or interests
- Register of debenture holders required only if the company issues debentures
- Subsection (3) does not apply if the option is listed for quotation on a declared financial market.
The law
Other terms that apply to these records
This page covers registers of members and option holders on their own. The same file is often caught by other laws as well, with different periods and start dates. See why a legal term is not a schedule.
3 records. 3 sets of rules. They don't agree.
One business file can hold all of these at once.
Now do that for every record your organisation holds, and redo it when the law changes. ScheduleOne has done that work, and keeps it current.
See ScheduleOne →