South Australian Consolidated Acts South Australian Consolidated Acts18—Approval of rules
(1) A draft of the
rules proposed for the co-operative (including active membership provisions in
accordance with Part 6) must be submitted to the Commission at least 28 days
(or such shorter period as the Commission may allow in a particular case)
before the formation meeting is due to be held.
(2) The proposed rules
must—
(a) be
in accordance with section 102; and
(b) be
in a form that may reasonably be approved; and
(c) if
the rules contain any alterations of the model rules, be accompanied by a
statement setting out the alterations and the reasons for the alterations.
(3) If the rules do
not make provision for any matter included in the model rules, the Commission
may approve the relevant provisions of the model rules as rules of the
co-operative.
(4) The Commission
may—
(a)
approve the rules as submitted; or
(b)
approve different rules to those submitted; or
(c)
refuse to approve the rules.
(5) The Commission
approves of the rules by giving written notice of the approval of the rules to
the person who submitted the draft rules to the Commission.
(6) The Commission
must give written notice of the refusal to approve the rules to the person who
submitted the rules to the Commission.