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 324A. Appointment of administrator by Registrar in case of insolvency 281 Subdivision 3 — Administration: alternative procedure 324B. Operation of this Division 281 324. Appointment of administrator 282 325. Effect of appointment of administrator 282 326. Revocation of appointment 283 327. Expenses of administration 284 328. Liabilities arising from administration 285 329. Additional powers of Registrar 285 330. Stay of proceedings 286 331. Administrator to report to Registrar 286 Division 6 — Effect of merger etc. on property, liabilities etc. 332. How this Division applies to a merger 286 333. How this Division applies to a transfer of engagements 287 334. How this Division applies to a transfer of incorporation 287 335. Effect of merger etc. on property, liabilities etc. 288 Division 7 — Miscellaneous 336. Grounds for winding‑up, transfer of engagements, appointment of administrator 289 337. Application of Corporations Act for insolvent co‑operatives 290