378Additional disclosure requirements for offers involving conversion to company

378 Additional disclosure requirements for offers involving conversion to company

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.