This legislation has been repealed.
(1) A person must give notice to a trading cooperative within 5 business days after the day the person becomes aware that the person has a substantial share interest in the cooperative.
Maximum penalty: 20 penalty units.
(2) A person who has a substantial share interest in a trading cooperative must give notice to the cooperative within 5 business days after the day the person becomes aware that a substantial change has happened in that share interest.
Maximum penalty: 20 penalty units.
(3) A person who has ceased to have a substantial share interest in a trading cooperative must give notice to the cooperative within 5 business days after the day the person becomes aware that the person has ceased to have the interest.
Maximum penalty: 20 penalty units.
(4) A person has a substantial share interest in a trading cooperative if the nominal value of the shares in the cooperative in which the person has a relevant interest represents 5% or more of the nominal value of the issued share capital of the cooperative.
(5) A substantial change takes place in a person's share interest in a trading cooperative if there is an increase or decrease in the number of shares in the cooperative in which the person has a relevant interest and the increase or decrease represents at least 1% of the nominal value of the issued share capital of the cooperative.