New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 41

41 Effect of fraud

(1) A person’s entitlement under this Division to make an assumption is not affected merely by the fact that any person:

(a) has acted or is acting fraudulently in relation to the dealing or acquisition or purported acquisition of title to property to which the assumption relates, or

(b) has forged a document that appears to have been sealed on behalf of a co-operative.

(2) However, the person is not entitled to make the assumption if the person has actual knowledge of that fraudulent action or forgery.