South Australian Consolidated Acts South Australian Consolidated Acts20—Registration of co-operative
(1) When an
application is made under this Division for registration of a proposed
co-operative, the Commission 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
Commission under section 18; and
(b) the
name of the proposed co-operative—
(i)
must comply with the requirements of this Act; and
(ii)
must not be such as is likely to be confused with the
name of any other body corporate or any registered business name; and
(iii)
must not be undesirable as a name for a registered
co-operative; and
(iv)
must conform with any direction of the Minister relating
to the names of registered co-operatives; and
(c) the
other 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; and
(d) 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 Commission must be satisfied
that there are special reasons why the co-operative should be registered under
this Act; and
(e)
there must be no reasonable cause for refusing registration of the proposed
co-operative.
(3) If the Commission
is not satisfied that the requirements for registration of the co-operative
have been met the Commission may refuse to register the co-operative and its
rules.