Co-operatives National Law (Queensland)
sec.360Notice required to be given of voting interest
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sec.360 Notice required to be given of voting interest
A person (whether or not a member of the co-operative) must give notice to a co-operative within 5 business days after becoming aware the person has a relevant interest in the right to vote of a member of the co-operative. Maximum penalty—$2,000. A person (whether or not a member of the co-operative) who has ceased to have a relevant interest in the right to vote of a member of a co-operative must give notice to the co-operative within 5 business days after becoming aware of the fact. Maximum penalty—$2,000. Section 233 provides for the effect of a person having a relevant interest in the right to vote of a member of a co-operative. See Part 1 of Schedule 2 for the term “relevant interest”. (sec.360-ssec.1) A person (whether or not a member of the co-operative) must give notice to a co-operative within 5 business days after becoming aware the person has a relevant interest in the right to vote of a member of the co-operative. Maximum penalty—$2,000. (sec.360-ssec.2) A person (whether or not a member of the co-operative) who has ceased to have a relevant interest in the right to vote of a member of a co-operative must give notice to the co-operative within 5 business days after becoming aware of the fact. Maximum penalty—$2,000. (sec.360-ssec.3) Section 233 provides for the effect of a person having a relevant interest in the right to vote of a member of a co-operative.