AustLII Tasmanian Consolidated Acts

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COOPERATIVES ACT 1999 - SECT 45

45. 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 or 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 is not entitled to make an assumption if the person has actual knowledge of the fraudulent action or forgery referred to in subsection (1).



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