Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 28

    (1)     The registrar must register a corporation as a cooperative, and register its rules, if—

        (a)     an application is made under this division for registration of the cooperative; and

        (b)     the registrar is satisfied it meets the requirements for registration mentioned in subsection (2).

    (2)     The requirements for registration of a cooperative under this division are as follows:

        (a)     the proposed rules of the proposed cooperative must be the rules approved by the registrar under section 21;

        (b)     the requirements of this Act must have been complied with in relation to the proposed cooperative and compliance must be likely to continue;

        (c)     there must be no reasonable cause for refusing registration of the proposed cooperative.

    (3)     If the registrar is not satisfied that the requirements for registration of the cooperative have been met, the registrar must refuse to register the cooperative and its rules.

    (4)     If the registrar has decided under this section to register a corporation under this Act, the corporation must tell the authority responsible for registering the corporation under the law under which it was previously registered of that decision.

    (5)     Despite anything to the contrary in this division, the registration of a corporation as a cooperative does not take effect until the corporation ceases to be registered under the law under which it was previously registered as a corporation.

    (6)     The corporation must notify the registrar in writing within 7 days after the day it ceases to be registered under the other law.