248Special postal ballots

248 Special postal ballots (1) A special postal ballot is a postal ballot that is conducted in accordance with this section. (2) The ballot must not be held less than 28 days after notice of the ballot is given to members. Note This period is intended to enable sufficient time for a meeting to be called (whether by the board or on the requisition of members) and held to discuss the proposal the subject of the ballot.

Co-operatives (National Uniform Legislation) Act 2015 155 (3) The co-operative must send to each member (along with any other material required to be sent in relation to the postal ballot) a disclosure statement approved by the Registrar and containing information about: (a) the financial position of the co-operative; and (b) the interests of the directors of the co-operative in the proposal with which the ballot is concerned, including any interests of the directors in another organisation concerned in the proposal; and (c) any compensation or consideration to be paid to officers or members of the co-operative in connection with the proposal; and (d) any other matters the Registrar directs. (4) If the Registrar so requires, the disclosure statement is to be accompanied by a report made by an independent person approved by the Registrar about any matters the Registrar directs. (5) A draft disclosure statement must be submitted to the Registrar at least 28 days (or the shorter period the Registrar may allow in a particular case) before the notice of the special postal ballot is to be given to members. (6) Section 25 (except subsections (1), (2) and (3)) applies to a modifications, and in particular as if a reference in that section to a formation meeting were a reference to the notice of the special postal ballot. Note Sections 380 and 445 provide for exemptions from this section in certain circumstances.