Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) If the board of a trading cooperative is satisfied on reasonable grounds that a person has contravened section 277 in relation to the cooperative, the board may do either or both of the following:
(a) refuse to register any share transfer involving the person;
(b) suspend any specified rights or entitlements that a person has as a member of the cooperative or attaching to any shares of the cooperative in which the person has a relevant interest.
(2) The board may ask a person who it suspects has a relevant interest in any shares of the cooperative to provide information to the board about the interest.
(3) A failure by a person to comply with a request under subsection (2) is reasonable grounds for the board being satisfied that the person has contravened section 277.