291
CurrentRegistrar’s power to require lodgment (cf Corporations Act s 321)
Chapter 3Management and operation of co-operatives
Part 3.3Financial reports and audit
Division 9Lodging reports and returns with Registrar
291 Registrar’s power to require lodgment (cf Corporations Act s 321)
(1)
The Registrar may give a co-operative a direction to lodge with the Registrar a copy of reports prepared or obtained by it under Divisions 3–6, and the co-operative must comply with the direction.Maximum penalty—$1,000.
(2)
An offence based on subsection (1) is an offence of strict liability.
(3)
The direction must—
(a)
be made in writing; and
(b)
specify the period or periods concerned; and
(c)
be made no later than 6 years after the end of the period or periods; and
(d)
specify the date by which the documents have to be lodged.
(4)
The date specified under subsection (3) (d) must be at least 14 days after the date on which the direction is given.
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