Terms used
426 Terms used
In this Division —
affairs of a co‑operative includes —
the promotion, formation, membership, control, transactions, dealings, business and property of the co‑operative; and
loans made to the co‑operative; and
matters that are concerned with identifying people who are, or have been, financially interested in the success or failure, or apparent success or failure, of the co‑operative or who are, or have been, able to control or influence materially the policies of the co‑operative; and
the circumstances in which a person placed, withdrew or disposed of funds with, or loans to, the co‑operative;
costs of an inquiry under this Division include —
the expenses of, and incidental to, the inquiry; and
the expenses payable by the Registrar in proceedings instituted by the Registrar under this Division in the name of the co‑operative the subject of the inquiry; and
the part of the remuneration of an officer or employee of the State as the Minister decides is attributable to matters connected with the inquiry;
investigator means a person appointed under section 427;
involved person, in relation to an inquiry into the affairs of a co‑operative, means —
an officer of the co‑operative; or
a person who acts, or has at any time acted, as financial institution, legal practitioner, auditor or actuary, or in another capacity, for the co‑operative; or
a person who has, or at any time had, in his or her possession any property of the co‑operative; or
a person who is indebted to the co‑operative; or
a person who is capable of giving information relating to the affairs of the co‑operative; or
a person whom an investigator believes on reasonable grounds to be a person referred to in paragraphs (a) to (e).
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