False copies of rules
464 False copies of rules
A person must not give to—
a member of a participating co-operative; or
a person intending or applying to become a member of a participating co-operative;
a copy of any rules or any amendments of rules of the participating co-operative, other than those that have been registered under the relevant corresponding co-operatives law, representing that they are binding on the members of the participating co-operative.
A person must not circulate a copy of any rules of a participating co-operative after they have been registered under the relevant corresponding co-operatives law if the copy contains amendments that have not been so registered and the person represents that they have been so registered when they have not been.
Maximum penalty—$1,000.
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