Queensland Consolidated Acts Queensland Consolidated Acts(1) An alteration of the rules of a cooperative does not take effect unless and until it is registered by the registrar.
(2) An application for registration of an alteration must—
(a) be made in the approved form; and
(b) be made within 28 days, or a shorter or longer time prescribed under a regulation, after the alteration is made; and
(c) be accompanied by a consolidated copy of the rules of the cooperative, including the alteration.
(3) The registrar must register the alteration unless—
(a) the registrar is satisfied the alteration is contrary to this Act; or
(b) the registrar has other reasonable cause to refuse to register the alteration.
(4) A certificate of registration of an alteration of the rules of a cooperative given by the registrar is, in favour of any person advancing money to the cooperative on the faith of the certificate or a guarantor of that advance, evidence that the alteration in the rules was properly made.