CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 44B Auditor to submit report

CO-OPERATIVE HOUSING SOCIETIES ACT 1958 - SECT 44B

S. 44B(1) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7).

    (1)     The Registrar may by notice in writing require the auditor of a society to submit a report to the Registrar in respect of the period specified in the notice stating the auditor's opinion as to—

        (a)     whether or not the information provided by the society in its returns is accurate; and

        (b)     whether or not the society is complying with Divisions 3 and 4 of this Part.

    (2)     The auditor must submit the report within 60 days of the end of the period specified in the notice.

S. 44B(3) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7).

    (3)     The Registrar may by notice in writing require a society or its auditor to provide further information in relation to any matter contained in or arising out of the auditor's report or any other information which the Registrar considers is relevant.

S. 44B(4) amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7).

    (4)     A society or an auditor of a society must provide the information within the period specified by the Registrar in the notice.

    (5)     If a society does not comply with subsection (4), each officer of the society is guilty of an offence.

    (6)     The penalty for an offence under subsection (4) or (5) is a penalty of not more than 100 penalty units and a daily penalty of not more than 10 penalty units for each day during which the default continues.

Pt 2 Div. 6 (Heading and s. 44C) inserted by No. 48/1992 s. 98, amended by No. 37/1999 s. 58(Sch. 2 Pt 1 item 7).

Division 6—Directions of Registrar

S. 44C inserted by No. 48/1992 s. 98.