122Co-operative to give information to person intending or applying to become a member

122 Co-operative to give information to person intending or applying to become a member

122 Co-operative to give information to person intending or applying to become a member

(1) The board of a co-operative must give each person intending or applying to become a member of the co-operative—

(a) a consolidated copy of the rules of the co-operative; and

(b) a copy of all special resolutions that would apply to the prospective member passed by the members of the co-operative, except special resolutions providing for an amendment of the rules of the co-operative; and

(c) a copy of the most recent financial information reported to members of the co-operative under Part 3.3.

(2) The board of a co-operative may comply with subsection (1)—

(a) by—

(i) giving the person notice that the documents referred to in subsection (1) may be inspected by the person at the registered office of the co-operative and at each other office of the co-operative in or outside this jurisdiction, including outside Australia; and

(ii) making the documents available for inspection in person; or

(b) if the person has elected to receive the documents as an electronic copy—by sending the person an electronic copy of the documents; or

(c) if the person did not make the election—by directly notifying, in writing, that the documents are accessible on the website and specifying the direct address on the website where the documents may be accessed.

Note—

A direct address may be specified, for example, by specifying the URL of the documents.