Co-operatives National Law (Queensland)
sec.378Additional disclosure requirements for offers involving conversion to company
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sec.378 Additional disclosure requirements for offers involving conversion to company
If an offer is part of a proposal for, or is conditional on, the registration of the co-operative as a company under the Corporations Act , the disclosure statement required to be sent to members for the special postal ballot must contain the following additional information— full particulars of any proposal by which a director will acquire a relevant interest in a share of the company to be formed; other information that— is material to the making of a decision by a member whether or not to agree to the making of the offer; and is within the knowledge of the directors; and has not previously been disclosed to the members; other information the Registrar directs.
- (a) full particulars of any proposal by which a director will acquire a relevant interest in a share of the company to be formed;
- (b) other information that— (i) is material to the making of a decision by a member whether or not to agree to the making of the offer; and (ii) is within the knowledge of the directors; and (iii) has not previously been disclosed to the members;
- (i) is material to the making of a decision by a member whether or not to agree to the making of the offer; and
- (ii) is within the knowledge of the directors; and
- (iii) has not previously been disclosed to the members;
- (c) other information the Registrar directs.
- (i) is material to the making of a decision by a member whether or not to agree to the making of the offer; and
- (ii) is within the knowledge of the directors; and
- (iii) has not previously been disclosed to the members;