111
In forceReporting declarations
Part 7Management
Division 1Directors and officers
111 Reporting declarations
(1)
This section applies to a declaration under section 108 or 109.
(2)
The board must report the declaration—
(a)
to the registrar immediately after the making of the declaration; and
(b)
to the society’s members at the next annual general meeting after the making of the declaration.
Maximum penalty—80 penalty units.
(3)
A society must, within 3 months after the end of its financial year, file with the registrar a return stating—
(a)
all declarations made to the board during that financial year; and
(b)
all declarations in force at the end of the financial year.
Maximum penalty for subsection (3)—80 penalty units.
This Act’s bill:Explanatory memorandum
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