Co-operatives Act 2009

Any proposal to make an offer to which this Division applies must in the first instance be submitted to the board of the co‑operative.

In order for the board to consider putting a proposed offer to a special postal ballot, arrangements satisfactory to the board must have been made for payment to the co‑operative of the expenses involved in holding the ballot.

The board may require payment in advance under subsection (2).

A requisition for a special postal ballot for the purposes of this Division cannot be served unless and until the board has had a reasonable opportunity to consider the proposed offer concerned.

For the purposes of subsection (4), a period of 28 days is a reasonable opportunity for considering a proposed offer but the Registrar may extend that period in a particular case, whether before or after the end of the 28 days, by written notice to the co‑operative.