Co-Operatives (National Uniform Legislation) Act 2015

1 Large co-operatives – requirement to prepare reports in accordance with this Part (cf Corporations Act s 292(1))

A large co-operative must prepare a financial report and a directors' report in accordance with this Part for each financial year.

2 Small co-operatives – requirement to prepare reports if directed to do so (cf Corporations Act s 292(2))

A small co-operative must prepare a financial report and a directors' report if and as directed under section 271 or 272.

3 Small co-operatives – where no direction

A small co-operative that is not the subject of a direction under either section 271 or 272:

and

Regulations regarding the preparation and provision of reports to members.

Note

The rules of a co-operative may provide for the preparation of financial reports that would be additional to those required by the National Regulations.