Western Australian Numbered Acts Western Australian Numbered Acts (1) A co-operative
must ensure its name appears in legible characters on its seal, and in any of
the following documents issued, signed or endorsed by or on behalf of the
co-operative —
(a) a
bill of exchange, promissory note, cheque or other negotiable instrument;
(b) a
receipt or letter of credit issued by the co-operative;
(c) a
document of a class prescribed by the regulations.
Penalty: a fine of $2 000.
(2) An officer of a
co-operative or a person on its behalf must not —
(a) use
a seal of the co-operative; or
(b) sign
or authorise to be signed on behalf of the co-operative any document referred
to in subsection (1),
in or on which the
co-operative’s name does not appear in legible characters.
Penalty: a fine of $2 000.
(3) A director of a
co-operative who knowingly authorises or permits a contravention of this
section is guilty of an offence.
Penalty: a fine of $2 000.