Australian Capital Territory Consolidated Acts

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COOPERATIVES ACT 2002 - SECT 403

Definitions for div 15.2

In this division:

"affairs", of a cooperative, includes—

        (a)     the promotion, formation, membership, control, transactions, dealings, business and property of the cooperative; and

        (b)     loans made to the cooperative; and

        (c)     matters that are concerned with identifying people who are, or have been, financially interested in the success or failure, or apparent success or failure, of the cooperative or who are, or have been, able to control or influence materially the policies of the cooperative; and

        (d)     the circumstances in which a person placed, withdrew or disposed of funds with, or loans to, the cooperative.

"costs", in relation to an inquiry under this division, includes—

        (a)     the expenses of, and incidental to, the inquiry; and

        (b)     the expenses payable by the registrar in any proceeding brought by the registrar under this division in the name of the cooperative the subject of the inquiry; and

        (c)     so much of the remuneration of an officer or employee of the Territory as is decided by the Minister to be attributable to matters connected with the inquiry.

"involved person", in relation to an inquiry into the affairs of a cooperative, means—

        (a)     an officer of the cooperative; or

        (b)     a person who acts, or has at any time acted, as banker, solicitor, auditor or actuary, or in any other capacity, for the cooperative; or

        (c)     a person who has, or at any time had, in the person's possession any property of the cooperative; or

        (d)     a person who is indebted to the cooperative; or

        (e)     a person who can give information relating to the affairs of the cooperative; or

        (f)     a person whom an investigator believes, on reasonable grounds, to be a person mentioned in paragraphs (a) to (e).



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