Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 129

    (1)     The board of a cooperative may, by resolution, defer cancellation of a member's membership for up to 1 year—

        (a)     if the board has reasonable grounds to believe that a member has ceased to be an active member because of unusual circumstances that prevent the member fulfilling the member's active membership obligations; or

        (b)     if—

              (i)     the board considers that during that period an active membership resolution may be put to the members of the cooperative; and

              (ii)     the effect of the resolution would be relevant to the question whether the member is an active member.

    (2)     The board of the cooperative must review the resolution to defer before the end of the deferral period to decide if a further resolution should be made under subsection (1).