Court’s power to grant leave
206J Court’s power to grant leave
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 206H.
The person must lodge a notice with the Registrar at least 21 days before commencing the proceedings.
The notice must be in the form approved by the Registrar.
The order granting leave may be expressed to be subject to conditions or limitations determined by the Supreme Court.
The person must lodge with the Registrar a copy of any order granting leave within 14 days after the order is made.
On application by the Registrar, the Supreme Court may revoke the leave.
An order revoking leave under subsection (6) does not take effect until it is served on the person.
A person must comply with any condition or limitation subject to which leave is granted.
Penalty for this subsection: a fine of $24 000, or imprisonment for 2 years, or both.
This section does not apply to a person who is disqualified from managing co‑operatives because of section 206B(1)(d).
[Section 206J inserted: No. 7 of 2016 s. 61.]
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