(1) The Registrar may
give a small co-operative a direction to comply with all or specified
requirements of this Division and Divisions 4, 5, 7, 8, 9 and 10 for a
financial year (including any requirement that is expressed to apply to a
large co-operative).
(2) The small
co-operative must comply with the direction.
Penalty for this subsection: a fine of $1 000.
(3) Despite The
Criminal Code section 23B(2), it is immaterial for the purposes of subsection
(2) that any event occurred by accident.
(4) The direction may
specify any or all of the matters referred to in section 244I(5) or (6).
(5) The direction may
be general or may specify the particular requirements that the co-operative is
required to comply with.
(6) The direction must
specify the date by which the co-operative must report to members under
section 244V or lodge documents with the Registrar under section 244ZC, as the
case requires.
(7) The date specified
in a direction must be a reasonable one in view of the nature of the
direction.
(8) The direction must
—
(a) be
in writing; and
(b)
specify the financial year concerned; and
(c) be
made no later than 6 years after the end of that financial year.
(9) Despite anything
else in this Part, the date by which the small co-operative is to report to
members or lodge documents with the Registrar is the date specified in the
direction.
[Section 244J inserted: No. 7 of 2016 s. 85.]
[Heading inserted: No. 7 of 2016 s. 85.]