Queensland Consolidated Acts

COOPERATIVES ACT 1997 - SECT 129

Unless a regulation otherwise provides, the board of a cooperative must not declare the membership of a member to be cancelled under this part—

(a) if the cooperative is insolvent; or

(b) if the cooperative is under administration under the Corporations Act, part 5.3A, as applying under this Act; or

(c) if a compromise or an arrangement is being administered in relation to the cooperative; or

(d) if the cooperative is in the course of being wound-up; or

(e) if an appointment of a receiver (whether or not a receiver and manager) of any property of the cooperative is in force; or

(f) if the cooperative has, for the purpose of being registered as a company under the Corporations Act, filed with the registrar a copy of the entry made in the minute book of the cooperative under section 193; or

(g) in other circumstances that may be prescribed under a regulation.