Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 326

    (1)     On the appointment of an administrator of a cooperative—

        (a)     the directors of the cooperative cease to hold office; and

        (b)     all contracts of employment with the cooperative are terminated; and

        (c)     all contracts for the provision of secretarial or administrative services for the cooperative are terminated; and

        (d)     the administrator may terminate any contract for providing other services to the cooperative.

    (2)     An administrator of a cooperative has the functions of the board of the cooperative (including the board's powers of delegation).

    (3)     A director of a cooperative may be appointed or elected while the administrator is in office only as provided by this division.