(1) A person who is
disqualified from managing co-operatives may apply to the Supreme Court for
leave to manage —
(a)
co-operatives; or
(b) a
particular class of co-operatives; or
(c) a
particular co-operative,
except where the
person was disqualified by the Registrar under section 206H.
(2) The person must
lodge a notice with the Registrar at least 21 days before commencing the
proceedings.
(3) The notice must be
in the form approved by the Registrar.
(4) The order granting
leave may be expressed to be subject to conditions or limitations determined
by the Supreme Court.
(5) The person must
lodge with the Registrar a copy of any order granting leave within 14 days
after the order is made.
(6) On application by
the Registrar, the Supreme Court may revoke the leave.
(7) An order revoking
leave under subsection (6) does not take effect until it is served on the
person.
(8) A person must
comply with any condition or limitation subject to which leave is granted.
Penalty for this subsection: a fine of $24 000, or
imprisonment for 2 years, or both.
(9) This section does
not apply to a person who is disqualified from managing co-operatives because
of section 206B(1)(d).
[Section 206J inserted: No. 7 of 2016 s. 61.]