252   Annual report

(cf Vic Act s 249)

(1)  A co-operative must send to the Registrar within the required period in each year an annual report containing each of the following:

(a)  a list in the form approved by the Registrar specifying the secretary, directors and the principal executive officers of the co-operative and of each of its subsidiaries, as at the date the annual report is filed with the Registrar,

(b)  if the co-operative is required under section 243 to prepare a financial report of the co-operative for its most recently ended financial year—a copy of the financial report,

(c)  a copy of the financial report of each subsidiary of the co-operative for the most recently ended financial year of the subsidiary (unless the legislation under which the subsidiary is incorporated does not require an annual report to be prepared by that subsidiary),

(d)  a copy of any report by the auditor or the directors of the co-operative or subsidiary:

(i)  prepared under section 243, or

(ii)  on a financial report mentioned in paragraph (b) or (c),

(e)  a return in the form prescribed by the regulations containing such other particulars as may be so prescribed.

Maximum penalty: 20 penalty units.

(2)  For the purposes of subsection (1) the required period is:

(a)  28 days after the annual general meeting of the co-operative, or

(b)  if the annual general meeting of the co-operative is not held within the period specified in section 198 (2) (a), 28 days after the end of that period.