New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 18

18 Approval of rules

(cf Vic Act s 18)

(1) A draft of the rules proposed for the co-operative (including active membership provisions in accordance with Part 6) must be submitted to the Registrar at least 28 days (or such shorter period as the Registrar may allow in a particular case) before the formation meeting is due to be held.

(2) The proposed rules must:

(a) be in accordance with section 107, and

(b) be in a form that may reasonably be approved, and

(c) if the rules contain any alterations of the model rules, be accompanied by a statement setting out the alterations and the reasons for the alterations.

(3) If the rules do not make provision for any matter included in the model rules, the Registrar may approve the relevant provisions of the model rules as rules of the co-operative.

(4) The Registrar may:

(a) approve the rules as submitted, or

(b) approve different rules to those submitted, or

(c) refuse to approve the rules.

(5) The Registrar approves of the rules by giving written notice of the approval of the rules to the person who submitted the draft alterations to the Registrar.

(6) The Registrar must give written notice of the refusal to approve the rules to the person who submitted the rules to the Registrar.