287Consideration of reports at annual general meeting (cf Corporations Act s 317)

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.