NSWIn ForceAct
Co-operatives (Adoption of National Law) Act 2012
367Co-operative to inform Registrar of interest over 20%
Start here
Get a plain-English read of 367
Turn the raw legal text into a practical explanation grounded in Co-operatives (Adoption of National Law) Act 2012.
#### 367 Co-operative to inform Registrar of interest over 20%
367 Co-operative to inform Registrar of interest over 20%
> > (1) A co-operative must inform the Registrar in writing within 14 days after the board becomes aware that—
> >
> > > (a) a particular person has a relevant interest in shares of the co-operative the nominal value of which is more than 20% of the nominal value of the issued share capital of the co-operative; or
> >
> > > (b) there has been a change in the number of shares in which a person referred to in paragraph (a) holds a relevant interest.
>
> > (2) The notification must give details of the relevant interest or change concerned.