282Application of Corporations Act – co-operatives that are

282 Application of Corporations Act – co-operatives that are disclosing entities – half-year financial reports and directors' reports ......................................................................................... 180 Division 7 Audit and auditor's report 283 Application of Corporations Act – audit and auditor's report ........ 180 Division 8 Annual financial reporting to members 284 Annual financial reporting to members ........................................ 181 285 Deadline for reporting to members .............................................. 184 286 Member's choices for annual financial information ...................... 185 287 Consideration of reports at annual general meeting (cf Corporations Act s 317) .......................................................... 186 288 Application of Corporations Act – additional reporting by debenture issuers ........................................................................ 186 Division 9 Lodging reports and returns with Registrar 289 Lodgment of annual reports by large co-operatives with Registrar (cf Corporations Act s 319) .......................................... 187 290 Lodgment of half-year reports with Registrar (cf Corporations Act s 320) .................................................................................... 187 291 Registrar's power to require lodgment (cf Corporations Act s 321) .......................................................................................... 187 292 Relodgment if financial statements or directors' reports amended after lodgment (cf Corporations Act s 322) .................. 188 293 Lodgment by small co-operatives of annual returns with Registrar ...................................................................................... 188 Division 10 Special provisions about consolidated financial statements 294 Application of Corporations Act – special provisions about consolidated statements .............................................................. 189 Division 11 Financial years and half-years 295 Financial year (cf Corporations Act s 323D) ................................ 189 296 Half-year (cf Corporations Act s 323D (5))................................... 189 Division12 Auditors Subdivision 1 General provisions relating to auditors 297 Application of Corporations Act – auditors ................................... 190

Co-operatives (National Uniform Legislation) Act 2015 xv Subdivision 2 Appointment of auditors 298 Appointment of auditor of small co-operative (cf Corporations Act s 325) .................................................................................... 190 299 Initial appointment of auditor of large co-operative (cf Corporations Act s 327A)........................................................ 190 300 Annual appointment at annual general meeting of auditor of large co-operative to fill vacancy ................................................. 191 301 Appointment by directors or annual general meeting of auditor of large co-operative to fill casual vacancy (cf Corporations Act s 327C) .................................................................................. 194 302 Appointment to replace auditor removed from office (cf Corporations Act s 327D) ....................................................... 194 303 Registrar to be notified of appointment of auditor ........................ 195 304 Registrar may appoint auditor if auditor removed but not replaced (cf Corporations Act s 327E) ......................................... 195 305 Registrar's general power to appoint auditor of large co-operative (cf Corporations Act s 327F) ................................... 196 306 Restrictions on Registrar's powers to appoint auditor of large co-operative (cf Corporations Act s 327G) .................................. 197 307 Remaining auditors may act during vacancy (cf Corporations Act s 327I) ................................................................................... 197 308 Nomination of auditor (cf Corporations Act s 328B)..................... 197 309 Auditor's consent to appointment (cf Corporations Act s 328A)... 198 Subdivision 3 Removal and resignation of auditors 310 Removal and resignation of auditors (cf Corporations Act s 329) .......................................................................................... 199 311 Effect of winding up on office of auditor (cf Corporations Act s 330) .......................................................................................... 201 Subdivision 4 Auditors' fees and expenses 312 Fees and expenses of auditors (cf Corporations Act s 331) ........ 202 Subdivision 5 Protection of auditors 313 Protection of auditors ................................................................... 202 Division 13 Accounting and auditing standards 314 Accounting and auditing standards.............................................. 203 315 Interpretation of accounting and auditing standards (cf Corporations Act s 337) .......................................................... 203