Co-operatives National Law (Queensland)
sec.289Lodgment of annual reports by large co-operatives with Registrar (cf Corporations Act s 319 )
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sec.289 Lodgment of annual reports by large co-operatives with Registrar (cf Corporations Act s 319 )
A large co-operative that has to prepare or obtain a report for a financial year under Divisions 3 – 5 must lodge the report with the Registrar. This obligation extends to a concise report provided to members under section 284 . Maximum penalty—$2,500. An offence based on subsection (1) is an offence of strict liability. The time for lodgment is— within 3 months after the end of the financial year for a co-operative that is a disclosing entity within the meaning of the Corporations Act ; and within 5 months after the end of the financial year for any other co-operative. (sec.289-ssec.1) A large co-operative that has to prepare or obtain a report for a financial year under Divisions 3 – 5 must lodge the report with the Registrar. This obligation extends to a concise report provided to members under section 284 . Maximum penalty—$2,500. (sec.289-ssec.2) An offence based on subsection (1) is an offence of strict liability. (sec.289-ssec.3) The time for lodgment is— within 3 months after the end of the financial year for a co-operative that is a disclosing entity within the meaning of the Corporations Act ; and within 5 months after the end of the financial year for any other co-operative.
- (a) within 3 months after the end of the financial year for a co-operative that is a disclosing entity within the meaning of the Corporations Act ; and
- (b) within 5 months after the end of the financial year for any other co-operative.