s 283
In forceCo‑operative to notify Registrar of interest over 20%
Part 11Restrictions on the acquisition of interests in co‑operatives
Division 1Restrictions on share and voting interests
283 Co‑operative to notify Registrar of interest over 20%
(1)
A co‑operative must notify the Registrar in writing within 14 days after the board becomes aware that —
(a)
a particular person has a relevant interest in shares of the co‑operative the nominal value of which is more than 20% of the nominal value of the issued share capital of the co‑operative; or
(b)
there has been a change in the number of shares in which that person holds a relevant interest.
(2)
The notification must give details of the relevant interest concerned or of the change concerned.
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