Language requirements (cf Corporations Act s 287)

Current

(1)

The financial records may be kept in any language.

(2) A co-operative must ensure that an English translation of financial records not kept in English is made available within a reasonable time to a person who:

(a)

is entitled to inspect the records; and

(b)

asks for the English translation.

Maximum penalty: $2 500.

(3) An offence based on subsection (2) is an offence of strict liability.

This Act’s bill:Explanatory statement

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266 Language requirements (cf Corporations Act s 287)