Co-operatives Act 2009

An alteration 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 alteration must —

be made in a form approved by the Registrar; and

be made within 28 days, or a shorter or longer period prescribed by the regulations, after the resolution to alter the rules is passed; and

be accompanied by a consolidated copy of the rules of the co‑operative, including the alteration.

The Registrar must register the alteration unless —

the Registrar is satisfied that the alteration is contrary to this Act; or

the Registrar has other reasonable cause to refuse to register the alteration.

A certificate of registration of an alteration 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 in favour of any guarantor of that advance, evidence that the alteration in the rules was properly made.