Financial Intermediaries Act 1996
sec.111Reporting declarations
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sec.111 Reporting declarations
This section applies to a declaration under section 108 or 109 . The board must report the declaration— to the registrar immediately after the making of the declaration; and to the society’s members at the next annual general meeting after the making of the declaration. Maximum penalty—80 penalty units. A society must, within 3 months after the end of its financial year, file with the registrar a return stating— all declarations made to the board during that financial year; and all declarations in force at the end of the financial year. Maximum penalty for subsection (3) —80 penalty units. s 111 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.111-ssec.1) This section applies to a declaration under section 108 or 109 . (sec.111-ssec.2) The board must report the declaration— to the registrar immediately after the making of the declaration; and to the society’s members at the next annual general meeting after the making of the declaration. Maximum penalty—80 penalty units. (sec.111-ssec.3) A society must, within 3 months after the end of its financial year, file with the registrar a return stating— all declarations made to the board during that financial year; and all declarations in force at the end of the financial year. Maximum penalty for subsection (3) —80 penalty units.
- (a) to the registrar immediately after the making of the declaration; and
- (b) to the society’s members at the next annual general meeting after the making of the declaration.
- (a) all declarations made to the board during that financial year; and
- (b) all declarations in force at the end of the financial year.