(1) The Registrar must
approve a transfer of engagements pursuant to an application under this
Division if satisfied that —
(a) this
Division has been complied with in relation to the application; and
(b) the
rules or proposed rules of the transferee co-operative are adequate; and
(c) in
the case of a total transfer of engagements from a co-operative, the
certificate of registration of the co-operative has been surrendered to the
Registrar; and
(d)
there is no good reason why the transfer of engagements should not take
effect.
(2) A transfer of
engagements takes effect on the day specified in the approval of the
Registrar.