New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 25

25 Requirements for registration

(cf Vic Act s 25)

(1) When an application is made for registration of a co-operative under this Division, the Registrar must register the body corporate as a co-operative under this Act and register its rules under this Act if the Registrar is satisfied that the requirements for registration of the co-operative have been met.

(2) The requirements for registration of a co-operative under this Division are as follows:

(a) the proposed rules of the proposed co-operative must be the rules approved by the Registrar under section 18, and

(b) the requirements of this Act and the regulations must have been complied with in respect of the proposed co-operative and compliance must be likely to continue, and

(c) there must be no reasonable cause for refusing registration of the proposed co-operative.

(3) If the Registrar is not satisfied that the requirements for registration of the co-operative have been met the Registrar may refuse to register the co-operative and its rules.

(4) If the Registrar has determined under this section to register a body corporate under this Act, the body corporate must notify the authority responsible for registering the body corporate under the law under which it was previously registered of that determination.

(5) Despite anything to the contrary in this Division, the registration of a body corporate as a co-operative does not take effect until the body corporate ceases to be registered under the law under which it was previously registered.

(6) The body corporate must notify the Registrar in writing within 7 days after ceasing to be registered under that other law.