469Name and place of origin to appear on business and other documents

469 Name and place of origin to appear on business and other documents

469 Name and place of origin to appear on business and other documents

(1) A participating co-operative must ensure its name, the jurisdiction of its registration and any other information prescribed by the National Regulations appear in legible characters—

(a) on each seal of the co-operative; and

(b) in all notices, advertisements and other official publications of the participating co-operative; and

(c) in all its business documents.

Maximum penalty—$2,000.

(2) An officer of a participating co-operative or a person on its behalf must not—

(a) use any seal of the co-operative; or

(b) issue or authorise the issue of a notice, advertisement or other official publication of the co-operative; or

(c) sign or authorise to be signed on behalf of the co-operative any business document of the co-operative;

in or on which the co-operative’s name or place of origin does not appear in legible characters.

Maximum penalty—$2,000.

(3) A director of a participating co-operative must not knowingly authorise or permit a contravention of this section.

Maximum penalty—$2,000.

(4) An offence based on subsection (1) is an offence of strict liability.

(5) In this section—

business document of a participating co-operative means a document that is issued, signed or endorsed by or on behalf of the co-operative and is—

(a) a business letter, statement of account, invoice or order for goods or services; or

(b) a bill of exchange, promissory note, cheque or other negotiable instrument; or

(c) a receipt or letter of credit issued by the co-operative; or

(d) a document of a class prescribed by the National Regulations as a class of business documents.