Queensland Consolidated Acts

CO-OPERATIVES NATIONAL LAW ACT 2020 - SECT 13

13 Modification of s 220 (Name to include certain matter)

Section 220 , after subsection (6) —
insert—

(6A) The Registrar may, by written notice given to an entity, exempt the entity from subsection (4) if the Registrar is satisfied the entity is trading or carrying on business for:

(a) the purpose of promoting the economic interests of its members in accordance with co-operative principles; or

(b) a charitable purpose.

(6B) An exemption given under subsection (6A) :

(a) may be given subject to conditions; and

(b) has effect for the period stated in the exemption, unless it is earlier revoked.

(6C) If the Registrar gives an entity an exemption under subsection (6A) :

(a) subsection (4) does not apply in relation to the entity while the exemption is in effect; and

(b) the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity.

(6D) For subsections (6A) and (6C) (b) , a written notice given to a member of the controlling body of an entity is taken to have been given to the entity.

Editor’s note—

Subsections (6A) to (6D) are additional Queensland provisions.