4Prescribed registers

4 Prescribed registers

4 Prescribed registers

For the Act, section 117(1) and (2), the following registers are prescribed—

(a) a register of loans made to members and securities taken that contains the following particulars—

(i) the name of each member to whom a loan is made,

(ii) the amount of the loan,

(iii) the date the loan was approved,

(iv) a reference identifying the account created for the loan,

(v) the date and amount of each advance made in relation to the loan,

(vi) if the loan is secured by the mortgage of real property—the address and particulars of title of the property and a reference identifying the mortgage agreement,

(vii) if the loan is secured by another kind of security—particulars of the security taken and a reference identifying the security agreement,

(viii) the location of documents relating to the security taken for the loan,

(ix) the date of the final repayment for the loan,

(b) a register of loans raised and securities given.