Queensland Consolidated Acts Queensland Consolidated Acts(1) A cooperative may be wound-up on a certificate of the registrar only if the necessary grounds for taking the action exist, as mentioned in section 328.
(2) A winding-up on a certificate of the registrar starts when the certificate is given.
(3) On the giving of a certificate, the registrar may appoint a person to be the liquidator of the cooperative.
(4) The liquidator need not be a registered liquidator under the Corporations Act.
(5) The liquidator must, within 10 days after appointment, give notice of his or her appointment in the gazette.
(6) The liquidator must give the security prescribed under a regulation and is entitled to receive the fees fixed by the registrar.
(7) A vacancy occurring in the office of liquidator is to be filled by a person appointed by the registrar.