286Member’s choices for annual financial information

#### 286 Member’s choices for annual financial information 286 Member’s choices for annual financial information > > (1) Member’s request > > > > (cf Corporations Act s 316 (1)) > > > > A member may request the co-operative— > > > > > (a) not to send them the material required by section 284; or > > > > > (b) to send them a full financial report and the directors’ report and auditor’s report. > > > > A request may be a standing request or for a particular financial year. The member is not entitled to a report for a financial year earlier than the one before the financial year in which the request is made. > > > (2) Time for complying with request > > > > (cf Corporations Act s 316 (2)) > > > > The co-operative must comply with a request under subsection (1) (b)— > > > > > (a) within 7 days after the request is received; or > > > > > (b) by the deadline for reporting under section 285; > > > > whichever is later. > > > (3) Reports to be sent free of charge > > > > (cf Corporations Act s 316 (3)) > > > > When sending a full financial report, directors’ report and auditor’s report, the co-operative must do so free of charge unless the member has already received a copy of them free of charge. > > > (4) Strict liability > > > > (cf Corporations Act s 316 (4)) > > > > An offence based on subsection (2) or (3) is an offence of strict liability. > > Maximum penalty—$1,000 penalty units or imprisonment for 3 months, or both.