Registration of undertakings
548 Registration of undertakings
(1) The Registrar must register each undertaking in the register of co‑operatives.
The register of co-operatives must include the following:
the name and address of the person who gave the undertaking;
the date of the undertaking;
a copy of the undertaking.
(3) The Registrar may withhold information relating to an undertaking from inclusion in the register of co-operatives if the Registrar is satisfied that:
(a) the information consists of personal details of an individual not involved in a contravention or possible contravention to which the undertaking relates; or
the information is commercial-in-confidence; or
(c) disclosure of the information would be against the public interest.
Note
Section 9 defines involved in a contravention.
(4) If information is withheld under this section from inclusion in the register of co-operatives, the register must include a statement that information has been withheld in relation to the undertaking concerned and of the grounds on which it has been withheld.
(5) For the purposes of this section, information is commercial-in-confidence if:
(a) its disclosure would place a person at a substantial commercial disadvantage in relation to present or potential contractual negotiations or arrangements; or
(b) it is of a kind prescribed by the National Regulations as being commercial-in-confidence.
This Act’s bill:Explanatory statement
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