Decision of Registrar to register co‑operative company or registered society
497 Decision of Registrar to register co‑operative company or registered society
If a co‑operative company or a registered society fails to comply with section 496(1) the Registrar may decide to register —
the company or society as a co‑operative bearing the corporate name determined by the Registrar; and
rules for the co‑operative, the content of which is determined by the Registrar under subsection (2).
The rules for the co‑operative are the model rules amended —
as the Registrar considers necessary having regard to the circumstances of the co‑operative; and
in the case of a co‑operative company, to comply with the Companies (Co‑operative) Act 1943 section 176C.
If the Registrar decides under this section to register a co‑operative company or registered society as a co‑operative the Registrar must —
ensure registration under the former Act is cancelled; and
issue to the co‑operative a certificate of registration, and a copy of its rules; and
publish notice of the issue of the certificate in the Gazette.
On issue of the certificate of registration —
registration and incorporation take effect; and
section 35 applies as if a co‑operative company or registered society registered under this section was a corporation registered under Part 2 Division 5.
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