New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 40

40 Lodgment of documents etc not to constitute constructive notice

(1) A person is not to be considered to have knowledge of a co-operative’s rules, any of the contents of a co-operative’s rules, a document, the contents of a document, or any particulars, merely because of either or both of the following:

(a) the rules, the document or the particulars have been lodged with the Registrar,

(b) the rules, the document or the particulars are referred to in any other document that has been lodged with the Registrar, or lodged with a person under a previous law corresponding to a provision of this Act.

(2) Subsection (1) does not apply in relation to a document, or in relation to the contents of a document, that has been lodged under Division 3 (Charges) of Part 10 to the extent that the document relates to a charge that is registrable under that Division or law.

(3) Despite subsection (1), a member of a co-operative is to be considered to have knowledge of the rules of the co-operative.