287Consideration of reports at annual general meeting

#### 287 Consideration of reports at annual general meeting 287 Consideration of reports at annual general meeting (cf Corporations Act s 317) > > (1) The directors of a co-operative that is required to hold an annual general meeting must lay before the annual general meeting— > > > > > (a) in the case of a large co-operative— > > > > > > > (i) the financial report; and > > > > > > > (ii) the directors’ report; and > > > > > > > (iii) the auditor’s report; or > > > > > (b) in the case of a small co-operative—the financial reports required under section 284; > > > > for the last financial year that ended before the annual general meeting. > > > > Note— > > > > If the co-operative’s first annual general meeting is held before the end of its first financial year, there will be no reports to lay before the meeting. > > > > Maximum penalty—$1,000 or imprisonment for 3 months, or both. > > > (2) An offence based on subsection (1) is an offence of strict liability.