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CO-OPERATIVES ACT 2009 (NO. 24 OF 2009)

CO-OPERATIVES ACT 2009 (NO. 24 OF 2009)


TABLE OF PROVISIONS

           Long Title
           Preamble

   PART 1 -- Preliminary  

           Division 1 -- Introductory  

   1.      Short title  
   2.      Commencement  
   3.      Objects of this Act  
   4.      Terms used in this Act  

           Division 2 -- Qualified privilege  

   5.      Qualified privilege  

           Division 3 -- The co-operative principles  

   6.      Co-operative principles  
   7.      Interpretation to promote co-operative principles  

           Division 4 -- Application of Corporations Act to co-operatives  

   8.      Definitions  
   9.      Excluded matter  
   10.     Applying the Corporations legislation to co-operatives  
   11.     Modifications to applied provisions  

   PART 2 -- Formation  

           Division 1 -- Types of co-operatives  

   12.     Types of co-operatives  
   13.     Distributing co-operatives  
   14.     Non-distributing co-operatives  

           Division 2 -- Formation meeting  

   15.     Formation meeting  

           Division 3 -- Approval of disclosure statement and rules  

   16.     Approval of disclosure statement  
   17.     Approval of rules  

           Division 4 -- Registration of proposed co-operative  

   18.     Application for registration of proposed co-operative  
   19.     Registration of co-operative  
   20.     Incorporation and certificate of registration  

           Division 5 -- Registration of an existing corporation  

   21.     Existing corporation can be registered  
   22.     Formation meeting and transitional provision  
   23.     Application for registration  
   24.     Requirements for registration  
   25.     Transitional provision  
   26.     Certificate of registration  
   27.     Effect of registration  

           Division 6 -- Conversion of co-operative  

   28.     Conversion of co-operative  

           Division 7 -- Reviews  

   29.     Appeal against refusal to approve disclosure statement  
   30.     Appeal against refusal to approve draft rules  
   31.      Appeal against refusal to register  
   32.     Supreme Court’s powers on appeal  

           Division 8 -- General  

   33.     Acceptance of money by proposed co-operative  
   34.     Issue of duplicate certificate  

   PART 3 -- Legal capacity and powers  

           Division 1 -- General powers  

   35.     Effect of incorporation  
   36.     Power to form companies and enter into joint ventures  

           Division 2 -- Doctrine of ultra vires abolished  

   37.     Interpretation  
   38.     Doctrine of ultra vires abolished  
   39.     Legal capacity  
   40.     Restrictions on co-operatives in rules  

           Division 3 -- Persons having dealings with co-operatives  

   41.     Assumptions entitled to be made  
   42.     Assumptions  
   43.     Person who knows or ought to know is not entitled to make assumptions  
   44.     Lodgment of documents not to constitute constructive knowledge  
   45.     Effect of fraud  

           Division 4 -- Authentication and execution of documents and confirmation of contracts  

   46.     Common seal  
   47.     Official seal  
   48.     Authentication need not be under seal  
   49.     Co-operative may authorise person to execute deed  
   50.     Execution under seal  
   51.     Contractual formalities  
   52.     Other requirements as to consent or sanction not affected  

           Division 5 -- Pre-registration contracts  

   53.     Contracts before registration  
   54.     Person may be released from liability but is not entitled to indemnity  
   55.     This Division replaces other rights and liabilities  

   PART 4 -- Membership  

           Division 1 -- General  

   56.     Becoming a member  
   57.     Members of co-operative group  
   58.     Qualification for membership and transitional provision  
   59.     Membership may be joint  
   60.     Members under 18 years of age  
   61.     Representatives of corporations  
   62.     Notification of shareholders and shareholdings  
   63.     Circumstances in which membership ceases -- all co-operatives  
   64.     Additional circumstances in which membership ceases -- co-operatives with share capital  
   65.     Carrying on business with too few members  

           Division 2 -- Rights and liabilities of members  

   66.     Rights of membership not exercisable until registered etc.  
   67.     Liability of members to co-operative  
   68.     Co-operative to make information available to person intending to become a member  
   69.     Entry fees and regular subscriptions  
   70.     Members etc. may be required to deal with co-operative  
   71.     Fines payable by members  
   72.     Charge and set off of co-operative  
   73.     Repayment of shares on resignation or expulsion  

           Division 3 -- Death of member  

   74.     Meaning of interest  
   75.     Transfer of share or interest on death of member  
   76.     Transfer of small shareholdings and interests on death  
   77.     Value of shares and interests  
   78.     Co-operative protected  

           Division 4 -- Disputes involving members  

   79.     Grievance procedure  
   80.     Application to Supreme Court  

           Division 5 -- Oppressive conduct of affairs  

   81.     Interpretation  
   82.     Application of Division  
   83.     Who may apply for court order  
   84.     Orders that the Supreme Court may make  
   85.     Basis on which Supreme Court makes orders  
   86.     Winding-up need not be ordered if oppressed members prejudiced  
   87.     Application of winding-up provisions  
   88.     Changes to rules  
   89.      Copy of order to be lodged with Registrar  

           Division 6 -- Proceedings on behalf of a co-operative by members and others  

   90.     Bringing, or intervening in, proceedings on behalf of a co-operative  
   91.     Applying for and granting leave  
   92.     Substitution of another person for the person granted leave  
   93.     Effect of ratification by members  
   94.     Leave to discontinue, compromise or settle proceedings brought, or intervened in, with leave  
   95.     General powers of the Supreme Court  
   96.     Power of Supreme Court to make costs order  

   PART 5 -- Rules  

   97.      Effect of rules  
   98.      Content of rules  
   99.      Purchase and inspection of copy of rules  
   100.     False copies of rules  
   101.     Model rules  
   102.     Rules can only be altered in accordance with this Act  
   103.    Approval of alteration of rules  
   104.     Alteration by special resolution  
   105.    Alteration by resolution of board  
   106.    Alteration does not take effect until registered  
   107.    Appeal against refusal to approve alteration  
   108.    Appeal against refusal to register  
   109.    Supreme Court’s powers on appeal  

   PART 6 -- Active membership  

           Division 1 -- Definitions  

   110.    Meaning of active membership resolution  
   111.    What is active membership  
   112.    What are active membership provisions and resolutions  

           Division 2 -- Rules to contain active membership provisions  

   113.    Number of primary activities required  
   114.    Rules to contain active membership provisions  
   115.    Factors and considerations for determining primary activities etc.  
   116.    Active membership provisions -- distributing co-operatives  
   117.    Regular subscription -- active membership of non-distributing co-operative  

           Division 3 -- Active membership resolutions  

   118.    Notice of meeting  
   119.    Eligibility of directors to vote on proposal at board meeting  

           Division 4 -- Cancellation of membership of inactive or missing members  

   120.    Cancellation of membership of inactive or missing member  
   121.    Share to be forfeited if membership cancelled  
   122.    Failure to cancel membership -- offence by director  
   123.    Deferral of forfeiture by board  
   124.    Cancellation of membership prohibited in certain circumstances  
   125.    Notice of intention to cancel membership  
   126.    Order of Supreme Court against cancellation  
   127.    Repayment of amounts due because of cancelled membership  
   128.    Interest on deposits, debentures and co-operative capital units  
   129.    Repayment of deposits, and redemption of debentures and co-operative capital units  
   130.    Register of cancelled memberships  

           Division 5 -- Entitlements of former members of distributing co-operatives  

   131.    Application of Division  
   132.    Former shareholders to be taken to be shareholders for certain purposes  
   133.    Entitlements of former shareholders on mergers etc.  
   134.    Set off of amounts repaid etc. on forfeited shares  
   135.    Regulations may exempt co-operatives from provisions  

   PART 7 -- Shares  

           Division 1 -- Nature of share  

   136.    Nature of share in co-operative  

           Division 2 -- Disclosure  

   137.    Disclosure to intending shareholders in distributing co-operative  
   138.    Content of disclosure statement to intending shareholders  
   139.    Exemptions for disclosure statements  

           Division 3 -- Issues of shares  

   140.    Shares -- general  
   141.    Application of Corporations Act for particular share subscriptions  
   142.    Minimum paid up amount  
   143.    Shares not to be issued at a discount  
   144.    Issue of shares at a premium  
   145.    Joint ownership of shares  
   146.    Members may be required to take up additional shares  
   147.    Bonus share issues  
   148.    Restrictions on bonus shares  
   149.    Notice about bonus shares  

           Division 4 -- Beneficial and non-beneficial interest in shares  

   150.    Direction to disclose  
   151.    Disclosure by member of relevant interests and instructions  
   152.    Registration as trustee etc. on death of owner of shares  
   153.    Registration as administrator of estate on incapacity of shareholder  
   154.    Registration as Official Trustee in Bankruptcy  
   155.    Liabilities of person registered as trustee or administrator  
   156.    Notice of trusts in register of members  
   157.    No notice of trust except as provided by this Division  

           Division 5 -- Sale or transfer of shares  

   158.    Sale or transfer of shares  
   159.    Transfer on death of member  
   160.    Restriction on total shareholding  
   161.    Transfer not effective until registered  
   162.    Non-members become members on registration  

           Division 6 -- Repurchase of shares  

   163.    Purchase and repayment of shares  
   164.    Deposit, debentures or co-operative capital units instead of payment when share repurchased  
   165.    Cancellation of shares  

   PART 8 -- Voting and meetings  

           Division 1 -- Voting entitlements  

   166.    Application of Part to voting  
   167.    Voting  
   168.    Voting by proxy  
   169.    Control of the right to vote  
   170.    Effect of disposal of shares on voting rights  
   171.    Effect of relevant share and voting interests on voting rights  
   172.    Rights of representatives  
   173.    Other rights and duties of members not affected by ineligibility to vote  
   174.    Vote of disentitled member to be disregarded  

           Division 2 -- Resolutions  

   175.    Decisions to be by ordinary resolution  
   176.    Ordinary resolutions  
   177.    Special resolutions  
   178.    How majority obtained is ascertained  
   179.    Declaration of passing of special resolution  
   180.    Effect of special resolution  
   181.    Lodgment of special resolution  
   182.    Decision of Registrar on application to register special resolution  

           Division 3 -- Resolution by circulated document  

   183.    Application of Division 3  
   184.    Resolution by circulation of document -- fewer than 50 members  

           Division 4 -- Postal ballots  

   185.    Postal ballots  
   186.    Special postal ballots  
   187.    When a special postal ballot required  
   188.    Holding of postal ballot on requisition  
   189.    Expenses involved in postal ballots on requisition  

           Division 5 -- Meetings  

   190.    Annual general meetings  
   191.    Special general meetings  
   192.    Notice of meetings  
   193.    Quorum at meetings  
   194.    Decision at meetings  
   195.    Calling of general meeting on requisition  
   196.    Minutes  

   PART 9 -- Management and administration of co-operatives  

           Division 1 -- The Board  

   197.    Board of directors  
   198.    Election of directors  
   199.    Qualification of directors  
   200.    Disqualified persons  
   201.    Meeting of the board of directors  
   202.    Transaction of business outside meetings  
   203.    Alternate directors  
   204.    Delegation by board  
   205.    Removal from and vacation of office  

           Division 2 -- Secretary  

   206.    Secretary  
   207.    Meaning of officer  
   208.    Officers must act honestly  
   209.    Standard of care and diligence required  
   210.    Improper use of information or position  
   211.    Recovery of damages by co-operative  
   212.    Other duties and liabilities not affected  
   213.    Application of Corporations Act concerning indemnities and insurance for officers and auditors  
   214.    Application of Corporations Act provisions concerning officers of co-operatives  
   215.    Directors’ remuneration  
   216.    Certain financial accommodation to officers prohibited  
   217.    Financial accommodation to directors and associates  
   218.    Restriction on directors of certain co-operatives selling land to co-operative  
   219.    Management contracts  
   220.    Declaration of interest  
   221.    Declarations to be recorded in minutes  
   222.    Division does not affect other laws or rules  
   223.    Certain interests need not be declared  
   224.    Meaning of control and entity  
   225.    Requirements for financial records and financial reports  
   226.    Power of Registrar to grant exemptions  
   227.    Disclosure by directors  
   228.    Protection of auditors etc.  
   229.    Financial year  
   230.    Registers to be kept by co-operatives  
   231.    Location of registers  
   232.    Inspection of registers etc.  
   233.    Use of information on registers  
   234.    Notice of appointment etc. of directors and officers  
   235.    Annual report to be lodged with Registrar  
   236.    List of members to be provided at request of Registrar  
   237.    Special return to be given at request of Registrar  
   238.    Name to include certain matter  
   239.    Use of abbreviations  
   240.    Name to appear on business documents etc.  
   241.    Change of name of co-operative  
   242.    Restriction on use of word “co-operative” or similar words  
   243.    Registered office of co-operative  

   PART 10 -- Funds and property  

           Division 1 -- Power to raise money  

   244.    Meaning of obtaining financial accommodation  
   245.    Fund raising to be in accordance with Act and regulations  
   246.     Limits on deposit taking  
   247.    Members etc. not required to see to application of money  
   248.    Registrar’s directions about fundraising  
   249.    Subordinated debt  
   250.    Application of Corporations Act to issues of debentures  
   251.    Application of Corporations Act to particular issues of debentures  
   252.    Disclosure statement  
   253.    Approval of board for transfer of debentures  
   254.    Application of Corporations Act -- reissue of redeemed debentures  
   255.    Compulsory loan by member to co-operative  
   256.    Interest payable on compulsory loan  

           Division 2 -- Co-operative capital units  

   257.    General nature of co-operative capital units  
   258.    Priority of CCU’s on winding-up  
   259.    Financial accommodation provisions apply to issue of CCUs  
   260.    CCUs to be issued to non-members  
   261.    Minimum requirements for rules concerning CCUs  
   262.    CCUs not to be issued unless terms of issue approved by Registrar  
   263.    Directors’ duties concerning CCUs  
   264.    Redemption of CCUs  
   265.    Capital redemption reserve  
   266.    Issue of shares in substitution for redemption  

           Division 3 -- Charges  

   267.    Registration of charges  

           Division 4 -- Receivers and other controllers of property of co-operatives  

   268.    Receivers and other controllers of property of co-operatives  

           Division 5 -- Disposal of surplus from activities  

   269.    Retention of surplus for benefit of co-operative  
   270.    Application for charitable purposes or members’ purposes  
   271.    Distribution of surplus or reserves to members  
   272.    Application of surplus to other persons  

           Division 6 -- Acquisition and disposal of assets  

   273.    Acquisition and disposal of assets  

   PART 11 -- Restrictions on the acquisition of interests in co-operatives  

           Division 1 -- Restrictions on share and voting interests  

   274.    Application of Part  
   275.    Notice required to be given of voting interest  
   276.    Notice required to be given of substantial share interest  
   277.    Requirements for notices  
   278.    Maximum permissible level of share interest  
   279.    Transitional provision  
   280.    Shares to be forfeited to remedy contravention  
   281.    Powers of board in response to suspected contravention  
   282.    Powers of Supreme Court in relation to contravention  
   283.    Co-operative to notify Registrar of interest over 20%  
   284.    Co-operative to keep register  
   285.    Unlisted companies to provide list of shareholders etc.  
   286.    Excess share interest not to affect loan liability  
   287.    Extent of operation of Division  
   288.    Registrar may grant exemption from Division  

           Division 2 -- Restrictions on certain share offers  

   289.    Share offers to which Division applies  
   290.    Offer to be approved by special resolution using special postal ballot  
   291.    Some offers totally prohibited if they discriminate  
   292.    Offers to be submitted to board first  
   293.    Announcements of proposed takeovers concerning proposed company  
   294.    Additional disclosure requirements for offers involving conversion to company  
   295.    Consequences of prohibited offer  
   296.    Registrar may grant exemptions  

   PART 12 -- Merger, transfer of engagements, winding-up  

           Division 1 -- Mergers and transfers of engagements  

   297.    Application of Division  
   298.    Mergers and transfers of engagements of local co-operatives  
   299.    Requirements before application can be made  
   300.    Disclosure statement required  
   301.    Making an application  
   302.    Approval of merger  
   303.    Approval of transfer of engagements  
   304.    Transfer of engagements by direction of Registrar  

           Division 2 -- Transfer of incorporation  

   305.    Application for transfer  
   306.    Requirements before application can be made  
   307.    Meaning of new body and transfer  
   308.    New body ceases to be registered as co-operative  
   309.    Transfer not to impose greater liability etc.  
   310.    Effect of new certificate of registration  
   311.    New body must give copy of new certificate of registration or incorporation to Registrar  
   312.    New body is a continuation of the co-operative  

           Division 3 -- Winding-up and deregistration  

   313.    Methods of winding-up  
   314.    Winding-up on Registrar’s certificate  
   315.    Method of deregistration  
   316.    Application of Corporations Act to winding-up and deregistration  
   317.    Restrictions on voluntary winding-up  
   318.    Start of members’ voluntary winding-up  
   319.    Distribution of surplus -- non-distributing co-operatives  
   320.    Liquidator -- vacancy may be filled by Registrar  
   321.    Review of liquidator’s remuneration  
   322.    Liability of member to contribute in a winding-up where shares forfeited etc.  

           Division 4 -- Administration of co-operative -- application of Corporations Act  

   323.    Application of Corporations Act to administration of co-operative  

           Division 5 -- Appointment of administrator  

   324.    Appointment of administrator  
   325.    Effect of appointment of administrator  
   326.    Revocation of appointment  
   327.    Expenses of administration  
   328.    Liabilities arising from administration  
   329.    Additional powers of Registrar  
   330.    Stay of proceedings  
   331.    Administrator to report to Registrar  

           Division 6 -- Effect of merger etc. on property, liabilities etc.  

   332.    How this Division applies to a merger  
   333.    How this Division applies to a transfer of engagements  
   334.    How this Division applies to a transfer of incorporation  
   335.    Effect of merger etc. on property, liabilities etc.  

           Division 7 -- Miscellaneous  

   336.    Grounds for winding-up, transfer of engagements, appointment of administrator  
   337.    Application of Corporations Act for insolvent co-operatives  

   PART 13 -- Arrangements and reconstructions  

           Division 1 -- General requirements  

   338.    Requirements for binding compromise or arrangement  
   339.    Supreme Court ordered meeting of creditors  
   340.    Registrar to be given notice and opportunity to make submissions  
   341.    Results of 2 or more meetings  
   342.    Persons disqualified from administering compromise etc.  
   343.    Application of Schedule 4 to person appointed  
   344.    Application of Corporations Act to person appointed  
   345.    Copy of order to be attached to rules  
   346.    Directors to arrange for reports  
   347.    Power of Supreme Court to restrain further proceedings  
   348.    Supreme Court need not approve compromise or arrangement takeovers  

           Division 2 -- Explanatory statements  

   349.    Explanatory statement required to accompany notice of meeting etc.  
   350.    Requirements for explanatory statement  
   351.    Contravention of Division -- offence by co-operative  

           Division 3 -- Facilitating reconstructions and mergers  

   352.    Provisions for facilitating reconstructions and mergers  

           Division 4 -- Acquisition of shares of dissenting shareholders  

   353.    Definitions  
   354.    Schemes and contracts to which Division applies  
   355.    Acquisition of shares pursuant to notice to dissenting shareholder  
   356.    Restrictions when excluded shares exceed 10%  
   357.    Remaining shareholders may require acquisition  
   358.    Transfer of shares pursuant to compulsory acquisition  
   359.    Disposal of consideration for shares compulsorily acquired  

           Division 5 -- Miscellaneous  

   360.    Notification of appointment of scheme manager  
   361.    Power of Supreme Court to require reports  
   362.    Effect of out-of-jurisdiction compromise or arrangement  
   363.    Jurisdiction to be exercised in harmony with Corporations Act jurisdiction  
   364.    Registrar may appear etc.  

   PART 14 -- Mutual recognition  

           Division 1 -- Introductory  

   365.    Definitions  
   366.    What constitutes carrying on business  
   367.    Co-operatives law  
   368.    Excluded matter  
   369.    Operation of foreign co-operatives in this State  
   370.    Authorisation to carry on business  
   371.    Registration under Companies (Co-operative) Act 1943  
   372.    Notification to Registrar  
   373.    Authorisation notices for participating co-operatives  
   374.    Authorisation notices for non-participating co-operatives  
   375.    Name of foreign co-operative  
   376.    When foreign co-operative not authorised to carry on business  
   377.    Withdrawal of authority to carry on business  
   378.    Appeals  
   379.    Application of Act and regulations to foreign co-operatives  
   380.    Name and place of origin to appear on business and other documents  
   381.    Supply of information to participating Registrars  
   382.    Registrar to be notified of changes  
   383.    Cessation of business  
   384.    Functions conferred on Registrar under co-operatives law  
   385.    Winding-up to relate to State activities  
   386.    Supreme Court may order winding-up  
   387.    Application of Corporations Act to winding-up of foreign co-operatives  
   388.    Outstanding property of foreign co-operative  
   389.    Definitions  
   390.    Authority for merger or transfer of engagements  
   391.    Requirements before application can be made  
   392.    Disclosure statement required  
   393.    Making an application  
   394.    Approval of merger  
   395.    Approval of transfer of engagements  
   396.    Effect of merger or transfer of engagements  
   397.    Division applies instead of certain other provisions of this Act  

   PART 15 -- Supervision and protection of co-operatives  

           Division 1 -- Supervision and protection  

   398.    Definitions  
   399.    Co-operative includes subsidiaries, foreign co-operatives and co-operative ventures  
   400.    Appointment of inspectors  
   401.    Registrar and investigators have functions of inspectors  
   402.    Inspector’s identity card  
   403.    Production or display of inspector’s identity card  
   404.    Powers of inspector  
   405.    Inspector’s appointment conditions  
   406.    Entry of place  
   407.    Consent to entry  
   408.    Inspectors may require certain persons to appear, answer questions and produce documents  
   409.    Powers of inspectors on place entered  
   410.    Functions of inspectors in relation to relevant documents  
   411.    Protection from incrimination  
   412.    Warrants  
   413.    Warrants -- applications made other than in person  
   414.    Entry with warrant  
   415.    General powers after entering places  
   416.    Power to seize evidence  
   417.    Receipt for seized things  
   418.    Return of seized things  
   419.    Power to require name and address  
   420.    False or misleading statements  
   421.    Power to require production of documents  
   422.    False or misleading documents  
   423.    Obstruction of inspectors  
   424.    Copies or extracts of records to be admitted in evidence  
   425.    Privilege  

           Division 2 -- Inquiries  

   426.    Definitions  
   427.    Appointment of investigators  
   428.    Powers of investigators  
   429.    Examination of involved person  
   430.    Privilege  
   431.    Offences by involved person  
   432.    Offences relating to documents  
   433.    Record of examination  
   434.    Report of investigator  
   435.    Proceedings following inquiry  
   436.    Admission of investigator’s report as evidence  
   437.    Costs of inquiry  
   438.    Falsification of records  
   439.    Fraud or misappropriation  
   440.    Offering or paying commission  
   441.    Accepting commission  
   442.    False statements in loan application etc.  
   443.    Application for special meeting or inquiry  
   444.    Holding of special meeting  
   445.    Expenses of special meeting or inquiry  
   446.    Power to hold special inquiry into co-operative  
   447.    Special meeting following inquiry  
   448.    Information and evidence  
   449.    Extension or abridgment of time  
   450.    Power of Registrar to intervene in proceedings  

   PART 16 -- Administration of this Act  

           Division 1 -- The Registrar  

   451.    Registrar of Co-operatives  
   452.    Deputy Registrar and other staff  
   453.    Delegation by Registrar  
   454.    Registers to be kept by Registrar  
   455.    Keeping of registers  
   456.    Disposal of records by Registrar  
   457.    Inspection of registers  
   458.    Approvals by Registrar  
   459.    Lodgment of documents  
   460.    Way of lodging  
   461.    Power of Registrar to refuse to register or reject documents  

           Division 2 -- Protection from liability  

   462.    Particular persons protected from liability  

           Division 3 -- Evidence  

   463.    Certificate of registration  
   464.    Certificate evidence  
   465.    Records kept by co-operatives  
   466.    Minutes  
   467.    Official certificates  
   468.    The Registrar and proceedings  
   469.    Rules  
   470.     Registers  

           Division 4 -- Enforceable undertakings  

   471.    Undertakings following contravention of, or failure to comply with, this Act  
   472.    Register of undertakings  
   473.    Enforcement orders  

   PART 17 -- Offences and proceedings  

   474.    Offences by officers of co-operatives  
   475.    Notice to be given of conviction for offence  
   476.    Secrecy  
   477.    False or misleading statements  
   478.    Further offence for continuing failure to do required act  
   479.    Civil remedies  
   480.    Injunctions  
   481.    Proceedings for offences etc.  

   PART 18 -- General  

   482.    Co-operative ceasing to exist  
   483.    Service of documents on co-operative  
   484.    Service on member of co-operative  
   485.    Reciprocal arrangements  
   486.    Translations of documents  
   487.    Exemptions may be on conditions  
   488.    Approval of forms  
   489.    Regulation making power  
   490.    Companies (Co-operative) Act 1943 repealed  
   491.    Co-operative and Provident Societies Act 1903 repealed  

   PART 19 -- Transitional and savings provisions  

           Division 1 -- Preliminary  

   492.    Terms used in this Part  
   493.    Interpretation Act 1984 not affected  
   494.    Transitional regulations  

           Division 2 -- Prohibition on registration under former Act  

   495.    Prohibition on registration under Companies (Co-operative) Act 1943 or Co-operative and Provident Societies Act 1903  

           Division 3 -- Transfer to incorporation under this Act  

   496.    Co-operative companies and registered societies to register under this Act  
   497.    Decision of Registrar to register co-operative company or registered society  

           Division 4 -- General transitional provisions  

   498.    Special resolutions, applications to the Court and court orders  
   499.    Inspections or inquiry  
   500.    Acquisition of shares of shareholders dissenting from scheme or contract approved by majority  
   501.    Transitional provisions about active members  

           Division 5 -- Pending incorporation, reconstruction or winding-up  

   502.    Pending incorporation  
   503.    Pending reconstruction  
   504.    Pending wind-up  

   PART 20 -- Consequential amendments  

           Division 1 -- Consequential amendments commencing on registration of Co-operative Bulk Handling Limited  

   505.    Grain Marketing Act 2002 amended  
   506.    Local Government Act 1995 amended  

           Division 2 -- Consequential amendments commencing on commencement of this Act  

   507.    Civil Judgments Enforcement Act 2004 amended  
   508.    Criminal Property Confiscation Act 2000 amended  
   509.    Equal Opportunity Act 1984 amended  
   510.    Taxi Act 1994 amended  
   511.    Western Australian Treasury Corporation Act 1986 amended  

           Division 3 -- Consequential amendments commencing on repeal of former Acts  

   512.    Civil Judgments Enforcement Act 2004 amended  
   513.    Criminal Property Confiscation Act 2000 amended  
   514.    Equal Opportunity Act 1984 amended  
   515.    Housing Loan Guarantee Act 1957 amended  
   516.    Local Government Act 1995 amended  
   517.    Taxi Act 1994 amended  
   518.    Western Australian Treasury Corporation Act 1986 amended  
           SCHEDULE
           SCHEDULE
           SCHEDULE
           SCHEDULE
           

[Assented to 22 October 2009]