(1) The chief
executive officer of the department may appoint a person or persons to hold an
inquiry into the affairs of a co-operative if the chief executive officer
considers that it is desirable to do so for the protection, or otherwise in
the interests, of the public or of the members or creditors of the
co-operative.
(2) The chief
executive officer of the department may vary the terms and conditions of
appointment of an investigator if the investigator agrees to the variation.
(3) In the course of
an inquiry into the affairs of a co-operative, an investigator may inquire
into the affairs of a subsidiary of the co-operative that, if the subsidiary
were the co-operative, would be affairs of the co-operative.
(4) An inquiry into
the affairs of a subsidiary of a co-operative may be conducted as if the
subsidiary were the co-operative.
[Section 427 amended: No. 7 of 2016 s. 164.]