South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 239

239—Registers to be kept by co-operatives

        (1)         A co-operative must keep the following registers in accordance with this section:

            (a)         a register of members, directors and shares (if any);

            (b)         a register of any loans to, debentures issued by and deposits received by the co-operative;

            (c)         a register of names of persons who have given loans or deposits to or hold securities or debentures given or issued by the co-operative;

            (d)         a register of any loans made by or guaranteed by the co-operative, and of any securities taken by the co-operative;

            (e)         a register of memberships cancelled under Part 6;

            (f)         a register of notifiable interests in accordance with section 280;

            (g)         such other registers as the regulations may require.

Maximum penalty: $2 000.

        (2)         The registers must be kept in the manner and contain the particulars that are prescribed by this Act or the regulations.