Co-operatives National Law Application Act 2013
378Additional disclosure requirements for offers involving conversion to company
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378 Additional disclosure requirements for offers involving conversion to company
If an offer is part of a proposal for, or is conditional on, the registration of the co-operative as a company under the Corporations Act, the disclosure statement required to be sent to members for the special postal ballot must contain the following additional information:
(a) full particulars of any proposal by which a director will acquire a relevant interest in a share of the company to be formed;
(b) other information that:
(i) is material to the making of a decision by a member whether or not to agree to the making of the offer; and
(ii) is within the knowledge of the directors; and
(iii) has not previously been disclosed to the members;
(c) other information the Registrar directs.