s 244H
In forceWho has to prepare annual financial reports and directors’ reports
Part 10AFinancial reports and audit
Division 3Annual financial reports and directors’ reports generally
244H Who has to prepare annual financial reports and directors’ reports
(1)
A large co‑operative must prepare a financial report and a directors’ report in accordance with this Part for each financial year.
(2)
A small co‑operative must prepare a financial report and a directors’ report if and as directed under section 244I or 244J.
(3)
A small co‑operative that is not the subject of a direction under either section 244I or 244J —
(a)
is not required to prepare reports in accordance with this Part; and
(b)
must comply with the requirements (if any) of the regulations regarding the preparation and provision of reports to members.
[Section 244H inserted: No. 7 of 2016 s. 85.]
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