Small co‑operative: direction by Registrar
244J Small co‑operative: direction by Registrar
The Registrar may give a small co‑operative a direction to comply with all or specified requirements of this Division and Divisions 4, 5, 7, 8, 9 and 10 for a financial year (including any requirement that is expressed to apply to a large co‑operative).
The small co‑operative must comply with the direction.
Penalty for this subsection: a fine of $1 000.
Despite The Criminal Code section 23B(2), it is immaterial for the purposes of subsection (2) that any event occurred by accident.
The direction may specify any or all of the matters referred to in section 244I(5) or (6).
The direction may be general or may specify the particular requirements that the co‑operative is required to comply with.
The direction must specify the date by which the co‑operative must report to members under section 244V or lodge documents with the Registrar under section 244ZC, as the case requires.
The date specified in a direction must be a reasonable one in view of the nature of the direction.
The direction must —
be in writing; and
specify the financial year concerned; and
be made no later than 6 years after the end of that financial year.
Despite anything else in this Part, the date by which the small co‑operative is to report to members or lodge documents with the Registrar is the date specified in the direction.
[Section 244J inserted: No. 7 of 2016 s. 85.]
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.