Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 109

    (1)     A draft of the proposed alteration of the rules of a cooperative must be given to the registrar at least 28 days (or, if the registrar allows a shorter period, that period) before the day—

        (a)     notice of the proposed special resolution altering the rules is given to the members by the cooperative; or

        (b)     the resolution is passed by the board of the cooperative.

    (2)     The proposed alteration must—

        (a)     comply with section 102 (Content of rules—generally) and section 103 (Other requirements about contents of rules etc); and

        (b)     be accompanied by a statement setting out the reasons for the alteration.

Note     If a form is approved under s 466 for a proposed alteration, the form must be used.

    (3)     The registrar may—

        (a)     approve the proposed alteration as submitted; or

        (b)     approve a different alteration to the proposed alteration as submitted; or

        (c)     refuse to approve the proposed alteration.

    (4)     If the registrar approves the proposed alteration, the registrar must give notice of the approval to the person who submitted the alteration to the registrar.

    (5)     If the registrar refuses to approve the proposed alteration, the registrar must give notice of the refusal to the person who submitted the alteration to the registrar.