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Co-operatives (Adoption of National Law) Act 2012
360Notice required to be given of voting interest
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#### 360 Notice required to be given of voting interest
360 Notice required to be given of voting interest
> > (1) A person (whether or not a member of the co-operative) must give notice to a co-operative within 5 business days after becoming aware the person has a relevant interest in the right to vote of a member of the co-operative.
> >
> > Maximum penalty—$2,000.
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> > (2) A person (whether or not a member of the co-operative) who has ceased to have a relevant interest in the right to vote of a member of a co-operative must give notice to the co-operative within 5 business days after becoming aware of the fact.
> >
> > Maximum penalty—$2,000.
>
> > (3) Section 233 provides for the effect of a person having a relevant interest in the right to vote of a member of a co-operative.
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> Note—
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> See Part 1 of Schedule 2 for the term “relevant interest”.