Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 23

    (1)     The registrar must register a proposed cooperative as a cooperative, and register its rules, if—

        (a)     an application is made under this division for registration of the proposed cooperative; and

        (b)     the registrar is satisfied it meets the requirements for registration mentioned in subsection (2).

    (2)     The requirements for registration of the proposed cooperative under this division are as follows:

        (a)     the proposed rules of the proposed cooperative must be the rules approved by the registrar under section 21;

        (b)     the requirements of this Act must have been complied with in relation to the proposed cooperative and compliance must be likely to continue;

        (c)     the proposed cooperative must be designed to function in accordance with the cooperative principles or, if it is not designed to function entirely in accordance with the cooperative principles, the registrar must be satisfied that there are special reasons why the cooperative should be registered under this Act;

        (d)     there must be no reasonable cause for refusing registration of the proposed cooperative.

    (3)     If the registrar is not satisfied that the requirements for registration of the proposed cooperative as a cooperative have been met, the registrar must—

        (a)     refuse to register the proposed cooperative and its rules; and

        (b)     give to the applicant notice setting out the reasons for the refusal.