Western Australian Numbered Acts Western Australian Numbered Acts (1) The financial year
of a co-operative ends on the day in each year that is provided for by the
rules of the co-operative.
(2) In the case of a
co-operative registered under Part 2 Division 4, the first financial
year of the co-operative may extend from the date of its registration to a
date not more than 18 months after registration.
(3) In the case of a
co-operative registered under Part 2 Division 5, the first financial
year of the co-operative is to be a period not extending beyond a date that is
18 months after the end of the co-operative’s last financial year
before the co-operative registered under this Act.
(4) On an alteration
of the rules of a co-operative altering its financial year, the alteration may
provide either that the financial year current at the date of alteration is to
be extended for a period not exceeding 6 months or that the financial
year next following the financial year that is so current is to be a period
exceeding 12 months but not exceeding 18 months.