Queensland Consolidated Acts

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COOPERATIVES ACT 1997 - SECT 46

46 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, 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 cooperative.

(2) A person may not make an assumption if the person has actual knowledge of the fraudulent action or forgery mentioned in subsection (1).



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