Co-operatives National Law (Queensland)
sec.252Annual general meetings (cf Corporations Act s 250N )
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sec.252 Annual general meetings (cf Corporations Act s 250N )
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. 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. An offence based on subsection (1) or (2) is an offence of strict liability. An annual general meeting is to be held in addition to any other meetings held by a co-operative in the year. (sec.252-ssec.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. (sec.252-ssec.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. (sec.252-ssec.3) An offence based on subsection (1) or (2) is an offence of strict liability. (sec.252-ssec.4) An annual general meeting is to be held in addition to any other meetings held by a co-operative in the year.