112.—(1) Every credit union shall keep available for inspection by its members at all reasonable times—

(a) a copy of the latest audited balance sheet of the credit union; and

(b) a copy of the auditor's report on that balance sheet.

(2) Every credit union shall cause to be displayed at all times in a conspicuous position at its registered office a notice informing members of the availability of the documents referred to in subsection (1).

(3) A credit union which fails to comply with the preceding provisions of this section shall be guilty of an offence.