NSWIn ForceAct
Co-operatives (Adoption of National Law) Act 2012
519Definitions
Start here
Get a plain-English read of 519
Turn the raw legal text into a practical explanation grounded in Co-operatives (Adoption of National Law) Act 2012.
#### 519 Definitions
519 Definitions
> In this Part—
>
> affairs of a co-operative includes—
>
> > (a) the promotion, formation, membership, control, transactions, dealings, business and property of the co-operative; and
>
> > (b) loans made to the co-operative; and
>
> > (c) matters that are concerned with identifying people who are, or have been, financially interested in the success or failure, or apparent success or failure, of the co-operative or who are, or have been, able to control or influence materially the policies of the co-operative; and
>
> > (d) the circumstances in which a person placed, withdrew or disposed of funds with, or loans to, the co-operative.
>
> costs of an inquiry under this Part includes—
>
> > (a) the expenses of, and incidental to, the inquiry; and
>
> > (b) the expenses payable by the Registrar in proceedings instituted by the Registrar under this Part in the name of the co-operative the subject of the inquiry; and
>
> > (c) the part of the remuneration of a public sector official that the Minister decides is attributable to matters connected with the inquiry.
>
> involved person, in relation to an inquiry into the affairs of a co-operative, means—
>
> > (a) an officer of the co-operative; or
>
> > (b) a person who acts, or has at any time acted, as authorised deposit-taking institution, Australian legal practitioner, auditor or actuary, or in another capacity, for the co-operative; or
>
> > (c) a person who has, or at any time had, in his or her possession property of the co-operative; or
>
> > (d) a person who is indebted to the co-operative; or
>
> > (e) a person who is capable of giving information relating to the affairs of the co-operative; or
>
> > (f) a person whom an investigator believes on reasonable grounds to be a person referred to in paragraphs (a)–(e).