Amendment does not take effect until registered
63 Amendment does not take effect until registered
(1) An amendment of the rules of a co-operative does not take effect unless and until it is registered by the Registrar.
An application for registration of an amendment must:
be made in the approved form; and
(b) be made within 28 days, or a shorter or longer time prescribed by the National Regulations, after the amendment is made; and
(c) be accompanied by a consolidated copy of the rules of the co‑operative, including the amendment.
The Registrar must register the amendment unless:
(a) the Registrar is satisfied the amendment is contrary to this Law; or
(b) the Registrar has other reasonable cause to refuse to register the amendment.
(4) A certificate of registration of an amendment of the rules of a co‑operative given by the Registrar is, in favour of any person advancing money to the co-operative on the faith of the certificate or a guarantor of that advance, evidence that the amendment in the rules was properly made.
This Act’s bill:Explanatory statement
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