Co-operatives National Law (Queensland)
sec.267Physical format (cf Corporations Act s 288 )
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sec.267 Physical format (cf Corporations Act s 288 )
A co-operative must ensure that, if financial records are kept in electronic form, they are to be convertible into hard copy. If financial records are kept in electronic form, the co-operative must ensure that a hard copy is made available within a reasonable time to a person who is entitled to inspect the records. An offence based on subsection (1) or (2) is an offence of strict liability. Maximum penalty—$2,500. (sec.267-ssec.1) A co-operative must ensure that, if financial records are kept in electronic form, they are to be convertible into hard copy. (sec.267-ssec.2) If financial records are kept in electronic form, the co-operative must ensure that a hard copy is made available within a reasonable time to a person who is entitled to inspect the records. (sec.267-ssec.3) An offence based on subsection (1) or (2) is an offence of strict liability.