Lodgment of financial reports etc. with Registrar
244ZC Lodgment of financial reports etc. with Registrar
A large co‑operative that has to prepare or obtain a report for a financial year under Divisions 3 to 5 (including a concise report referred to in section 244V) must lodge that report with the Registrar in accordance with this section.
Penalty for this subsection: a fine of $2 500.
Subject to subsection (3), the return must be lodged within 28 days after the day on which the next annual general meeting of the co‑operative after the end of the financial year is held in accordance with section 190.
If, at the end of the 5‑month period referred to in section 190(3)(a), a co‑operative to which that section applies has not held its next annual general meeting and no further time has been allowed under section 190(3)(b) for the holding of that meeting, the return must be lodged within 28 days after the end of that 5‑month period.
Despite The Criminal Code section 23B(2), it is immaterial for the purposes of subsection (1) that any event occurred by accident.
[Section 244ZC inserted: No. 7 of 2016 s. 85.]
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