Queensland Consolidated Acts Queensland Consolidated Acts(1) When an application is made for registration of a cooperative under this division, the registrar must register the corporation as a cooperative under this Act and register its rules under this Act if the registrar is satisfied the requirements for registration of the cooperative have been met.
(2) The requirements for registration of a 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 18;
(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) there must be no reasonable cause for refusing registration of the proposed cooperative.
(3) If the registrar is not satisfied the requirements for registration of the cooperative have been met, the registrar may refuse to register the cooperative and its rules and must give to the applicant written notice of the refusal and the reasons for the refusal.
(4) If the registrar has decided under this section to register a corporation under this Act, the corporation must notify the authority responsible for registering the corporation under the law under which it was previously registered of that decision.
(5) Despite anything to the contrary in this division, the registration of a corporation as a cooperative does not take effect until the corporation ceases to be registered under the law under which it was previously registered.
(6) The corporation must notify the registrar in writing within 7 days after ceasing to be registered under that other law.