s 215
In forceDirectors’ remuneration
Part 9Management and administration of co‑operatives
Division 4Restrictions on directors and officers
215 Directors’ remuneration
A director of a co‑operative must not receive remuneration for services as a director other than fees, concessions and other benefits that are approved at a general meeting of the co‑operative.
Penalty: a fine of $24 000, or imprisonment for 2 years, or both.
[Section 215 amended: No. 7 of 2016 s. 66.]
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.