268Place where records are kept

#### 268 Place where records are kept 268 Place where records are kept (cf Corporations Act s 289) > > (1) A co-operative may decide where to keep the financial records. > > > (2) If financial records about particular matters are kept outside this jurisdiction, the co-operative must ensure that sufficient written information about those matters are kept in this jurisdiction to enable true and fair financial statements to be prepared. > > > > Maximum penalty—$2,500. > > > (3) If financial records about particular matters are kept outside this jurisdiction, the co-operative must give the Registrar written notice in the approved form of the place where the information is kept. > > > > Maximum penalty—$2,500. > > > (4) The Registrar may direct a co-operative to produce specified financial records that are kept outside this jurisdiction. The co-operative must comply with the direction. > > > > Maximum penalty—$2,000. > > > (5) The direction must— > > > > > (a) be in writing; and > > > > > (b) specify a place in this jurisdiction where the records are to be produced (the place must be reasonable in the circumstances); and > > > > > (c) specify a day (at least 14 days after the direction is given) by which the records are to be produced. > > > (6) An offence based on subsection (2), (3) or (4) is an offence of strict liability.