Section 118 - Co-operative Housing and Starr-Bowkett Societies Act 1998 - Register of directors

118Register of directors

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118 Register of directors

(1) In this section—

securities does not include deposits or withdrawable shares.

(2) For the purposes of this section—

(a) a person has a relevant interest in securities if the person has a relevant interest in securities for the purposes of the Corporations Act, and

(b) bodies are related to each other if they are related to each other for the purposes of that Act.

(3) A society must keep a register of its directors, principal executive officer and secretaries in accordance with this section.

Maximum penalty—20 penalty units.

(4) The register must show in relation to each director of the society—

(a) the present given name and surname, any former given name or surname, the date and place of birth, the usual residential address and the business occupation (if any) of the director, and

(b) particulars of directorships held by the director in bodies corporate (other than related bodies corporate) that are public companies, financial institutions or friendly societies, or subsidiaries of any of those bodies, and

(c) securities issued by a body corporate that is related to the society, being securities in which the director has a relevant interest, and the nature and extent of that interest, and

(d) particulars of rights or options of the director, or of the director and another person, in relation to the acquisition or disposal of securities issued by a body corporate that is related to the society, and

(e) particulars of contracts to which the director is a party or under which he or she is entitled to a benefit, being contracts under which a person has a right to call for or to make delivery of securities issued by a body corporate that is related to the society.

(5) The register must show in relation to the principal executive officer and each secretary the present given name and surname, any former given name or surname, the date and place of birth, the usual residential address and the business occupation (if any), of the principal executive officer or secretary.

(6) A society need not show in its register in relation to a director particulars of securities issued by a body corporate that is related to the society and is a wholly owned subsidiary of the society.