Northern Territory Consolidated Regulations

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CO-OPERATIVES REGULATIONS - REG 24

Notice of cessation of substantial share interest

For the purposes of section 273(3) of the Act, the prescribed particulars to be specified when giving notice of a cessation of a substantial share interest in a co-operative are:

        (a)     the name of the co-operative to whom notice is being given;

        (b)     the name and address of the person giving notice;

        (c)     the name and address of the person ceasing to have a substantial share interest in the co-operative;

        (d)     the date on which the person ceased to have a substantial share interest in the co-operative;

        (e)     details of any agreement or other circumstances because of which the person ceased to hold a substantial interest in the co-operative;

        (f)     in relation to each change in a substantial share interest of the person since the person was last required to give notice of such a change to the co-operative:

            (i)     the date of the change;

            (ii)     the nature of the change;

            (iii)     the consideration given in relation to the change; and

            (iv)     the class and number of shares affected by the change; and

        (g)     the date on which notice is given.



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