Western Australian Current Acts

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CO-OPERATIVES ACT 2009 - SECT 244X

244X .         Member’s choices for annual financial information

        (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.]



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