Co-operatives National Law (NSW)

A special postal ballot is a postal ballot that is conducted in accordance with this section.

The ballot must not be held less than 28 days after notice of the ballot is given to members.

The co-operative must send to each member (along with any other material required to be sent in relation to the postal ballot) a disclosure statement approved by the Registrar and containing information about—

the financial position of the co-operative; and

the interests of the directors of the co-operative in the proposal with which the ballot is concerned, including any interests of the directors in another organisation concerned in the proposal; and

any compensation or consideration to be paid to officers or members of the co-operative in connection with the proposal; and

any other matters the Registrar directs.

If the Registrar so requires, the disclosure statement is to be accompanied by a report made by an independent person approved by the Registrar about any matters the Registrar directs.

A draft disclosure statement must be submitted to the Registrar at least 28 days (or the shorter period the Registrar may allow in a particular case) before the notice of the special postal ballot is to be given to members.

Section 25 (except subsections (1), (2) and (3)) applies to a disclosure statement under this section with any necessary modifications, and in particular as if a reference in that section to a formation meeting were a reference to the notice of the special postal ballot.