Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 140A

140A .         Contravention leading to right to recover loss or damage

        (1)         A co-operative contravenes this subsection if —

            (a)         a disclosure statement is given to a person under section 137; and

            (b)         there is —

                  (i)         a misleading or deceptive statement in the disclosure statement or in any application form or document that accompanies the disclosure statement; or

                  (ii)         an omission from the disclosure statement of material or information that is required to be contained in the statement by or under this Act;

                and

            (c)         the misleading or deceptive statement or the omission is materially adverse from the point of view of the person to whom it is given.

        (2)         A co-operative contravenes this subsection if —

            (a)         a disclosure statement is given to a person under section 137; and

            (b)         the disclosure statement is not current (as referred to in section 137A(4)).

        [Section 140A inserted: No. 7 of 2016 s. 39.]