Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 97

    (1)     A ratification or approval of conduct by members of a cooperative—

        (a)     does not prevent a person from bringing or intervening in a proceeding with leave under section 95 or from applying for leave under that section; and

        (b)     does not have the effect that a proceeding brought or intervened in with leave under section 95 must be decided in favour of the defendant or that an application for leave under that section must be refused.

    (2)     The Supreme Court may take into account a ratification or an approval of the conduct by members of a cooperative in deciding what order or judgment (including about damages) to make in a proceeding brought or intervened in with leave under section 95 or in relation to an application for leave under that section.

    (3)     In taking a ratification or approval into account under subsection (2), the Supreme Court may have regard to—

        (a)     how well informed about the conduct the members were when deciding whether to ratify or approve the conduct; and

        (b)     whether the members who ratified or approved the conduct were acting for proper purposes.