Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) When an application is made for registration of a cooperative under this Division, the Commissioner must register the body corporate as a cooperative under this Act and register its rules under this Act if the Commissioner is satisfied that the requirements for registration of the cooperative have been met.
(2) The requirements for registration of a cooperative under this Division are as follows:
(a) the proposed rules of the proposed cooperative must be the rules approved by the Commissioner under section 17;
(b) the name of the proposed cooperative –
(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 cooperative; and
(iv) must conform with any direction of the Minister relating to the names of registered cooperatives;
(c) the other requirements of this Act must have been complied with in respect of the proposed cooperative and compliance must be likely to continue;
(d) there must be no reasonable cause for refusing registration of the proposed cooperative.
(3) If the Commissioner is not satisfied that the requirements for registration of the cooperative have been met, the Commissioner may refuse to register the cooperative and its rules.
(4) If the Commissioner has determined under this section to register a body corporate under this Act, the body corporate must notify the authority responsible for registering the body corporate under the law under which it was previously registered of that determination.
(5) Despite anything to the contrary in this Division, the registration of a body corporate as a cooperative does not take effect until the body corporate ceases to be registered under the law under which it was previously registered.
(6) The body corporate must notify the Commissioner in writing within 7 days after ceasing to be registered under that other law.