Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 230

230 .         Registers to be kept by co-operatives

        (1)         A co-operative must keep the following registers in accordance with this section —

            (a)         a register of members, directors and shares, if any;

            (b)         a register of loans to, securities given by, debentures and CCUs issued by and deposits received by the co-operative;

            (c)         a register of names of persons who have given loans or deposits to, or who hold securities given by, or who hold debentures or CCUs issued by the co-operative;

            (d)         a register of loans made by or guaranteed by the co-operative, and of any securities taken by the co-operative;

            (e)         a register of holders of CCUs, in accordance with section 257(4);

        [(f)         deleted]

            (g)         a register of memberships cancelled under Part 6, in accordance with section 130;

            (h)         a register of notifiable interests, in accordance with section 284;

        [(i)         deleted]

            (j)         other registers prescribed by the regulations.

        Penalty for this subsection: a fine of $2 000.

        (2)         The registers must be kept in the way, and contain the particulars, specified by this Act or prescribed by the regulations.

        (3)         Despite The Criminal Code section 23B(2), it is immaterial for the purposes of subsection (1) that any event occurred by accident.

        [Section 230 amended: No. 42 of 2011 s. 39; No. 7 of 2016 s. 73 and 200.]