266
CurrentLanguage requirements (cf Corporations Act s 287)
Chapter 3Management and operation of co-operatives
Part 3.3Financial reports and audit
Division 2Financial records
266 Language requirements (cf Corporations Act s 287)
(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.
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