(1) A member may
request the co-operative —
(a) not
to send them the material required by section 244V; or
(b) to
send them a full financial report and the directors’ report and
auditor’s report.
(2) A request under
subsection (1) may be a standing request or for a particular financial year.
(3) The member is not
entitled to a report for a financial year earlier than the one before the
financial year in which the request is made.
(4) The co-operative
must comply with a request under subsection (1)(b) by the later of —
(a) the
day that is 7 days after the request; or
(b) the
day by which the co-operative is required to report to members under
section 244V.
Penalty for this subsection: a fine of $1 000.
(5) When sending a
full financial report, directors’ report and auditor’s report, the
co-operative must do so free of charge unless the member has already received
a copy of them free of charge.
Penalty for this subsection: a fine of $1 000.
(6) Despite The
Criminal Code section 23B(2), it is immaterial for the purposes of subsections
(4) and (5) that any event occurred by accident.
[Section 244X inserted: No. 7 of 2016 s. 85.]