122
CurrentAnnual general meeting
Part 7Management
Division 2Meetings
122 Annual general meeting
(1)
A society must hold its first annual general meeting within 18 months after it is registered under this Act.
Maximum penalty—80 penalty units.
(2)
A society must hold every subsequent annual general meeting within 5 months after the close of its financial year, or within a further time allowed by the registrar or prescribed under a regulation.
Maximum penalty for subsection (2)—80 penalty units.
Regulations
This provision refers to the regulations (a regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
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