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Co-operatives (Adoption of National Law) Act 2012
46Person who knows or ought to know cannot make assumptions
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46 Person who knows or ought to know cannot make assumptions
46 Person who knows or ought to know cannot make assumptions
This Division does not entitle a person to make an assumption, and does not prevent an assertion being made in relation to an assumption, if—
(a) the person has actual knowledge that the assumption is not correct; or
(b) the person ought to know that the assumption is not correct because of the nature of the person’s connection or relationship with the co-operative.