Northern Territory Consolidated Acts

CO-OPERATIVES ACT - SECT 20

(1) When an application is made under this Division for registration of a proposed co-operative, the Registrar must register the co-operative and its rules if 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;

(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;

(c) the proposed co-operative must be designed to function in accordance with the co-operative principles or, if it is not designed to function entirely in accordance with the
co-operative principles, the Registrar must be satisfied that there are special reasons why the co-operative should be registered under this Act;

(d) 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.