sec.308Nomination of auditor (cf Corporations Act s 328B )

sec.308 Nomination of auditor (cf Corporations Act s 328B )

Subject to this section, a co-operative may appoint an individual, firm or company as auditor of the co-operative at its annual general meeting only if a member of the co-operative gives the co-operative written notice of the nomination of the individual, firm or company for appointment as auditor— before the meeting was convened; or not less than 21 days before the meeting. This subsection does not apply if an auditor is removed from office at the annual general meeting. If a co-operative purports to appoint an individual, firm or company as auditor of the co-operative in contravention of subsection (1) — the purported appointment is of no effect; and the co-operative is guilty of an offence. Maximum penalty—$2,500. If a member gives a co-operative notice of the nomination of an individual, firm or company for appointment as auditor of the co-operative, the co-operative must send a copy of the notice to— each individual, firm or company nominated; and each auditor of the co-operative; and each person entitled to receive notice of general meetings of the co-operative; and this is so whether the appointment is to be made at a meeting or an adjourned meeting referred to in section 302 or at an annual general meeting. The copy of the notice of nomination must be sent— not less than 7 days before the meeting; or at the time notice of the meeting is given. (sec.308-ssec.1) Subject to this section, a co-operative may appoint an individual, firm or company as auditor of the co-operative at its annual general meeting only if a member of the co-operative gives the co-operative written notice of the nomination of the individual, firm or company for appointment as auditor— before the meeting was convened; or not less than 21 days before the meeting. This subsection does not apply if an auditor is removed from office at the annual general meeting. (sec.308-ssec.2) If a co-operative purports to appoint an individual, firm or company as auditor of the co-operative in contravention of subsection (1) — the purported appointment is of no effect; and the co-operative is guilty of an offence. Maximum penalty—$2,500. (sec.308-ssec.3) If a member gives a co-operative notice of the nomination of an individual, firm or company for appointment as auditor of the co-operative, the co-operative must send a copy of the notice to— each individual, firm or company nominated; and each auditor of the co-operative; and each person entitled to receive notice of general meetings of the co-operative; and this is so whether the appointment is to be made at a meeting or an adjourned meeting referred to in section 302 or at an annual general meeting. (sec.308-ssec.4) The copy of the notice of nomination must be sent— not less than 7 days before the meeting; or at the time notice of the meeting is given.

• (a) before the meeting was convened; or