Co-operatives National Law (NSW)
252Annual general meetings
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252 Annual general meetings
252 Annual general meetings
(cf Corporations Act s 250N)
(1) A co-operative must hold its initial annual general meeting within 18 months after its registration.
Maximum penalty—$1,000 or imprisonment for 3 months, or both.
(2) A co-operative must hold an annual general meeting at least once in each calendar year after its initial annual general meeting and within 5 months after the end of its financial year.
Maximum penalty—$1,000 or imprisonment for 3 months, or both.
(3) An offence based on subsection (1) or (2) is an offence of strict liability.
(4) An annual general meeting is to be held in addition to any other meetings held by a co-operative in the year.