Part 12Merger, transfer of engagements, winding‑up

Part 12 — Merger, transfer of engagements, winding‑up

Division 1 — Mergers and transfers of engagements

297. Application of Division 266

298. Mergers and transfers of engagements of local co‑operatives 266

299. Requirements before application can be made 266

300. Disclosure statement required 266

301. Making an application 268

302. Approval of merger 268

303. Approval of transfer of engagements 269

304. Transfer of engagements by direction of Registrar 269

Division 2 — Transfer of incorporation

305. Application for transfer 270

306. Requirements before application can be made 271

307. Meaning of new body and transfer 272

308. New body ceases to be registered as co‑operative 272

309. Transfer not to impose greater liability etc. 272

310. Effect of new certificate of registration 273

311. New body must give copy of new certificate of registration or incorporation to Registrar 274

312. New body is a continuation of the co‑operative 274

Division 3 — Winding‑up and deregistration

313. Methods of winding‑up 274

314. Winding‑up on Registrar’s certificate 274

315. Method of deregistration 275

316. Application of Corporations Act to winding‑up and deregistration 275

317. Restrictions on voluntary winding‑up 276

318. Start of members’ voluntary winding‑up 277

319. Distribution of surplus: non‑distributing co‑operatives 277

320. Liquidator — vacancy may be filled by Registrar 278

321. Review of liquidator’s remuneration 278

322. Liability of member to contribute in a winding‑up where shares forfeited etc. 278

Division 4 — Administration

Subdivision 1 — Introductory

323A. Operation of this Division 279

Subdivision 2 — Administration under Corporations Act

323. Application of Corporations Act to administration of co‑operative 280