(1) A co-operative
must have at the office where the registers are kept and available during all
reasonable hours for inspection by a member free of charge the following
—
(a) a
copy of this Act and the regulations;
(b) a
current copy of the rules of the co-operative and any order under section 345;
(c) a
copy of the minutes of each general meeting of the co-operative;
(d) a
copy of the most recent annual return of the co-operative under section 244ZB;
(ea) a
copy of the most recent financial information reported to members of the
co-operative under Part 10A;
(e) the
register of directors, members and shares;
(f) the
register of names of persons who have given loans or deposits to or hold
securities, debentures or CCUs given or issued by the co-operative;
(g)
other registers prescribed by the regulations.
(2) If a register is
not kept on a computer, the person may inspect the register itself.
(3) If the register is
kept on a computer, the person may inspect a hard copy of the information on
the register unless the person and the co-operative agree that the person can
access the information by computer.
(4) A member is
entitled to make a copy of entries in a register specified in subsection (1)
and to do so free of charge unless the rules of the co-operative require a fee
to be paid, in which case on payment of the required fee.
(5) The fee required
by the rules cannot be more than the fee prescribed for a copy of any entry in
the register.
(6) A co-operative
must —
(a)
permit a member to inspect a document or make a copy of a document that the
member is entitled to inspect or make under this section; and
(b) give
the member all reasonable assistance to inspect the document or make the copy.
Penalty for this subsection: a fine of $2 000.
(7) A co-operative
must have at the place where the registers are kept and available during all
reasonable hours for inspection by any person such documents in relation to
the co-operative as are prescribed.
Penalty for this subsection: a fine of $2 000.
(8) The rules of a
co-operative may provide for the availability or non-availability for
inspection by members of —
(a)
minutes of board meetings; and
(b)
minutes of meetings of committees to which the board’s functions have
been delegated under section 204(1).
(9) Minutes referred
to in subsection (8) are not available for inspection by members otherwise
than in accordance with rules referred to in that subsection.
[Section 232 amended: No. 7 of 2016 s. 74 and
200.]