262Questions by members of auditors at annual general meeting

#### 262 Questions by members of auditors at annual general meeting 262 Questions by members of auditors at annual general meeting (cf Corporations Act s 250T) > > (1) If a co-operative’s auditor or their representative is at the meeting, the chairperson of an annual general meeting of the co-operative must— > > > > > (a) allow a reasonable opportunity for the members as a whole at the meeting to ask the auditor or the auditor’s representative questions relevant to— > > > > > > > (i) the conduct of the audit; and > > > > > > > (ii) the preparation and content of the auditor’s report; and > > > > > > > (iii) the accounting policies adopted by the co-operative in relation to the preparation of the financial statements; and > > > > > > > (iv) the independence of the auditor in relation to the conduct of the audit; and > > > > > (b) allow a reasonable opportunity for the auditor or their representative to answer written questions submitted to the auditor. > > > > Maximum penalty—$500. > > > (2) An offence based on subsection (1) is an offence of strict liability. > > > (3) If— > > > > > (a) the co-operative’s auditor or their representative is at the meeting; and > > > > > (b) the auditor has prepared a written answer to a written question submitted to the auditor; > > > > the chairperson of the annual general meeting may permit the auditor or their representative to table the written answer to the written question. > > > (4) The co-operative must make the written answer tabled under subsection (3) reasonably available to members as soon as practicable after the annual general meeting. > > > > Maximum penalty (for subsection (4)): $500.