Western Australian Consolidated Acts Western Australian Consolidated Acts Notice of the meeting
or postal ballot at which a resolution is to be proposed as a special
resolution for the purpose of approving a bonus share issue must be
accompanied by —
(a) a
statement of the value of the assets concerned as disclosed in the books of
the co-operative before the sale or revaluation; and
(b) if
the issue arises from, or partly from, a sale of assets, a statement of the
price for which the assets were sold; and
(c) if
the issue arises from, or partly from, a revaluation of assets, a certificate
of value of the assets, being a certificate given in relation to a valuation
made not more than 12 months before the date of the notice by a person
prescribed by the regulations or a person having qualifications prescribed by
the regulations; and
(d)
particulars of acquisitions of shares in the co-operative made within the
3 years immediately preceding the date of the notice by or on behalf of
each of its directors and his or her spouse (or de facto partner) and the
father, mother, children, brothers and sisters of each such director and
spouse (or de facto partner); and
(e) a
certificate signed by 2 directors of the co-operative stating that to the best
of their knowledge and belief the issue of bonus shares would not be imprudent
and that no circumstances are known to them as to why the issue should not
take place.