New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 332A

332A Appointment of administrator by Registrar

(1) The Registrar may, after an inquiry into the affairs of a co-operative under Division 2 or 4 of Part 14, appoint a person as an administrator for the purposes of the provisions of Part 5.3A of the Corporations Act (as applying under section 332) if the Registrar is of the opinion that the co-operative is insolvent or likely to become insolvent at some future time.

(2) The person appointed by the Registrar need not be a registered liquidator within the meaning of the Corporations Act 2001 of the Commonwealth.