Court's power to grant leave (cf Corporations Act s 206G)
189 Court's power to grant leave (cf Corporations Act s 206G)
(1) A person who is disqualified from managing co-operatives may apply to the Supreme Court for leave to manage:
co-operatives; or
a particular class of co-operatives; or
a particular co-operative;
except where the person was disqualified by the Registrar under section 187.
(2) The person must lodge a notice with the Registrar at least 21 days before commencing the proceedings.
The notice must be in the approved form.
(4) The order granting leave may be expressed to be subject to conditions or limitations determined by the Supreme Court.
(5) The person must lodge with the Registrar a copy of any order granting leave within 14 days after the order is made.
(6) On application by the Registrar, the Supreme Court may revoke the leave. The order revoking leave does not take effect until it is served on the person.
(7) A person must comply with any condition or limitation subject to which leave is granted.
Maximum penalty: $24 000 or imprisonment for 2 years, or both.
(8) This section does not apply to a person who is disqualified from managing co-operatives because of section 181(1)(d).
This Act’s bill:Explanatory statement
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