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Co-operatives (Adoption of National Law) Act 2012
272Small co-operative—direction by Registrar
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#### 272 Small co-operative—direction by Registrar
272 Small co-operative—direction by Registrar
(cf Corporations Act s 294)
> > (1) The Registrar may give a small co-operative a direction to comply with all or specified requirements of this Division and Divisions 4, 5, 7, 8, 9 and 10 for a financial year.
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> > (2) The small co-operative must comply with the direction.
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> > Maximum penalty—$1,000.
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> > (3) An offence based on subsection (2) is an offence of strict liability.
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> > (4) The direction may specify any or all of the matters referred to in section 271 (3) and (4).
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> > (5) The direction may be general or may specify the particular requirements that the co-operative is to comply with.
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> > (6) The direction must specify the date by which the documents have to be prepared, sent or lodged. The date must be a reasonable one in view of the nature of the direction.
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> > (7) The direction must—
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> > > (a) be made in writing; and
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> > > (b) specify the financial year concerned; and
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> > > (c) be made no later than 6 years after the end of that financial year.