Co-operatives (Adoption of National Law) Act 2012

If the local Registrar is the appropriate Registrar, he or she must approve a transfer of engagements pursuant to an application under this Part if satisfied that—

this Part has been complied with in relation to the application; and

the rules or proposed rules of the transferee co-operative are adequate; and

in the case of a total transfer of engagements from a participating co-operative—the certificate of registration of the participating co-operative has been surrendered to the participating Registrar; and

there is no good reason why the transfer of engagements should not take effect.

If the local Registrar is not the appropriate Registrar, he or she must approve a transfer of engagements pursuant to an application under this Part if satisfied that the transfer has been approved under the provision of the co-operatives law of the participating jurisdiction that corresponds with subsection (1).

A transfer of engagements takes effect on the day specified in the approval of the local Registrar.