Co-operatives National Law (Queensland)
sec.292Relodgment if financial statements or directors’ reports amended after lodgment (cf Corporations Act s 322 )
Start here
Get a plain-English read of sec.292
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (Queensland).
sec.292 Relodgment if financial statements or directors’ reports amended after lodgment (cf Corporations Act s 322 )
If a financial report or directors’ report is amended after it is lodged with the Registrar, the co-operative must— lodge the amended report with the Registrar within 14 days after the amendment; and give a copy of the amended report free of charge to any member who asks for it. Maximum penalty—$1,000. If the amendment is a material one, the co-operative must also notify members as soon as practicable of— the nature of the amendment; and their right to obtain a copy of the amended report under subsection (1) . Maximum penalty—$1,000. An offence based on subsection (1) or (2) is an offence of strict liability. (sec.292-ssec.1) If a financial report or directors’ report is amended after it is lodged with the Registrar, the co-operative must— lodge the amended report with the Registrar within 14 days after the amendment; and give a copy of the amended report free of charge to any member who asks for it. Maximum penalty—$1,000. (sec.292-ssec.2) If the amendment is a material one, the co-operative must also notify members as soon as practicable of— the nature of the amendment; and their right to obtain a copy of the amended report under subsection (1) . Maximum penalty—$1,000. (sec.292-ssec.3) An offence based on subsection (1) or (2) is an offence of strict liability.
- (a) lodge the amended report with the Registrar within 14 days after the amendment; and
- (b) give a copy of the amended report free of charge to any member who asks for it.
- (a) the nature of the amendment; and
- (b) their right to obtain a copy of the amended report under subsection (1) .