Queensland Consolidated Acts Queensland Consolidated Acts(1) If the registrar is satisfied the cooperative has complied with this Act and the special resolution is not contrary to this Act, the registrar must register the special resolution.
(2) If the registrar considers the effect of a special resolution filed for registration would be in contravention of this Act or any other law, the registrar—
(a) may refuse to register the special resolution; and
(b) must give written notice to the cooperative that the special resolution—
(i) for a special resolution mentioned in section 190(2)—has no effect; and
(ii) in any other case—has no effect as from the date it was passed.
(3) A certificate of registration of a special resolution given by the registrar is, in favour of any person advancing money to the cooperative on the faith of the certificate or in favour of any guarantor of that advance, evidence that the resolution was properly passed.