New South Wales Consolidated Acts

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CO-OPERATIVES ACT 1992 - SECT 38

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

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

(cf Vic Act s 45)
This Division does not entitle a person to make an assumption, and does not prevent an assertion being made in relation to an assumption, if:

(a) the person has actual knowledge that the assumption is not correct, or
(b) the person’s connection or relationship with the co-operative is such that the person ought to know that the assumption is not correct.


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