292Relodgment if financial statements or directors’ reports amended after lodgment

292 Relodgment if financial statements or directors’ reports amended after lodgment

292 Relodgment if financial statements or directors’ reports amended after lodgment

(cf Corporations Act s 322)

(1) If a financial report or directors’ report is amended after it is lodged with the Registrar, the co-operative must—

(a) lodge the amended report with the Registrar within 14 days after the amendment; and

(b) give a copy of the amended report free of charge to any member who asks for it.

Maximum penalty—$1,000.

(2) If the amendment is a material one, the co-operative must also notify members as soon as practicable of—

(a) the nature of the amendment; and

(b) their right to obtain a copy of the amended report under subsection (1).

Maximum penalty—$1,000.

(3) An offence based on subsection (1) or (2) is an offence of strict liability.