Division Div 2A - Co-operatives Act 2009 - Disqualification from managing co‑operatives

Div 2ADisqualification from managing co‑operatives

Start here

Get a plain-English read of Div 2A

Turn the raw legal text into a practical explanation grounded in Co-operatives Act 2009.

Division 2A — Disqualification from managing co‑operatives

206B. Offence for disqualified person to manage co‑operative 145

206C. Automatic disqualification for offences 146

206D. Extension of period of automatic disqualification 147

206E. Court’s power of disqualification: contravention of civil penalty provision 147

206F. Court’s power of disqualification: insolvency and non‑payment of debts 148

206G. Court’s power of disqualification: repeated contraventions of law 149

206H. Registrar’s power of disqualification 150

206I. Registrar’s power to give permission 151

206J. Court’s power to grant leave 151

Division 2 — Secretary

207A. Responsibility of secretary 153

Division 3 — Duties and liabilities of directors, officers and employees

Care and diligence: civil obligations 153
Good faith: civil obligations 154
Use of position: civil obligations 155
Use of information: civil obligations 155
Good faith, use of position and use of information: criminal offences 156
Other duties and liabilities not affected 157
Application of Corporations Act concerning indemnities and insurance for officers and auditors 157
Application of Corporations Act provisions concerning officers of co‑operatives 158

Division 4 — Restrictions on directors and officers

Directors’ remuneration 158
Certain financial accommodation to officers prohibited 158
Financial accommodation to directors and associates 159
Restriction on directors of certain co‑operatives selling land to co‑operative 162
Management contracts 162

Division 5 — Declaration of interests

Division 7 — Registers, books and returns