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s 380B

False copies of documents of participating co‑operatives

In force
Part 14Participating co‑operatives
Division 3General

380B False copies of documents of participating co‑operatives

(1)

A person who, in purported compliance with a provision of the relevant corresponding co‑operatives law that corresponds to section 68 —

(a)

gives a person intending or applying to become a member of a participating co‑operative a document as a copy of —

(i)

a special resolution of the co‑operative; or

(ii)

the most recent financial information reported to members of the co‑operative under Part 10A;

and

(b)

knows or ought to know that, in a material respect, it is not a true copy of the resolution or information; and

(c)

does not indicate to that person that it is not a true copy,

is guilty of an offence.

Penalty for this subsection: a fine of $1 000.

(2)

A person who, in purported compliance with a provision of the relevant corresponding co‑operatives law that corresponds to section 68 —

(a)

makes available for inspection by a person intending or applying to become a member of a participating co‑operative a document as a copy of —

(i)

a special resolution of the co‑operative; or

(ii)

the most recent financial information reported to members of the co‑operative under Part 10A;

and

(b)

knows or ought to know that, in a material respect, it is not a true copy of the resolution or information; and

(c)

does not indicate to that person that it is not a true copy,

is guilty of an offence.

Penalty for this subsection: a fine of $1 000.

[Section 380B inserted: No. 7 of 2016 s. 135.]

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