Australian Capital Territory Consolidated Acts

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COOPERATIVES ACT 2002 - SECT 45

Person who knows or ought to know is not entitled to make assumptions

A person is not entitled under section 43 to make an assumption if, at the material time—

        (a)     the person has actual knowledge that the assumption is not correct; or

        (b)     the person's connection or relationship with the cooperative is such that the person ought to know that the assumption is not correct.


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