Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 283

283 .         Co-operative to notify Registrar of interest over 20%

        (1)         A co-operative must notify the Registrar in writing within 14 days after the board becomes aware that —

            (a)         a particular person has a relevant interest in shares of the co-operative the nominal value of which is more than 20% of the nominal value of the issued share capital of the co-operative; or

            (b)         there has been a change in the number of shares in which that person holds a relevant interest.

        (2)         The notification must give details of the relevant interest concerned or of the change concerned.