Co-operatives National Regulations
69Financial reports to members (CNL Part 3.3)
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69 Financial reports to members (CNL Part 3.3)
69 Financial reports to members (CNL Part 3.3)
The co-operative must prepare financial reports and statements in accordance with the Law, the National Regulations and these rules.
Note—
The financial reports or statements required by the Law to be given to members vary according to the size of a co-operative in a given year. Large co-operatives are required to prepare and lodge with the Registrar full audited financial reports as set out in Part 3.3 of the Law. Small co-operatives are not required to lodge financial reports with the Registrar but are required to lodge an annual return under section 293 of the Law and provide members with basic minimum financial statements set out in the National Regulations. If the basic minimum reports prescribed in the National Regulations are not considered sufficient for a particular co-operative, the rules may include additional financial statements or information.