Name to appear on seals, publications and business documents
223 Name to appear on seals, publications and business documents
A co‑operative must ensure its name appears in legible characters—
on each seal of the co‑operative; and
in all notices, advertisements and other official publications of the co‑operative; and
in all its business documents.
Maximum penalty: $2 000.
An officer of a co‑operative or a person on its behalf must not—
use any seal of the co‑operative; or
issue or authorise the issue of a notice, advertisement or other official publication of the co‑operative; or
sign or authorise to be signed on behalf of the co‑operative a business document of the co‑operative, in or on which the co‑operative's name does not appear in legible characters.
Maximum penalty: $2 000.
A director of a co‑operative must not knowingly authorise or permit a contravention of this section.
Maximum penalty: $2 000.
An offence based on subsection (1) is an offence of strict liability.
In this section—
business document of a co‑operative means a document that is issued, signed or endorsed by or on behalf of the co‑operative and is—
a business letter, statement of account, invoice or order for goods or services; or
a bill of exchange, promissory note, cheque or other negotiable instrument; or
a receipt or letter of credit issued by the co‑operative; or
a document of a class prescribed by the National Regulations as a class of business documents.
This Act’s bill:Second reading speech
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