Co-operatives National Law (Queensland)
sec.266Language requirements (cf Corporations Act s 287 )
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sec.266 Language requirements (cf Corporations Act s 287 )
The financial records may be kept in any language. A co-operative must ensure that an English translation of financial records not kept in English is made available within a reasonable time to a person who— is entitled to inspect the records; and asks for the English translation. Maximum penalty—$2,500. An offence based on subsection (2) is an offence of strict liability. (sec.266-ssec.1) The financial records may be kept in any language. (sec.266-ssec.2) A co-operative must ensure that an English translation of financial records not kept in English is made available within a reasonable time to a person who— is entitled to inspect the records; and asks for the English translation. Maximum penalty—$2,500. (sec.266-ssec.3) An offence based on subsection (2) is an offence of strict liability.
- (a) is entitled to inspect the records; and
- (b) asks for the English translation.