Co-operatives National Law Act 2020
sec.14Modification of s 225 (Restriction on use of word co-operative or similar words)
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sec.14 Modification of s 225 (Restriction on use of word co-operative or similar words)
Section 225 , after subsection (1) — insert— The Registrar may, by written notice given to an entity, exempt the entity from subsection (1) . An exemption given under subsection (1A) : may be given subject to conditions; and has effect for the period stated in the exemption, unless it is earlier revoked. If the Registrar gives an entity an exemption under subsection (1A) : subsection (1) does not apply in relation to the entity while the exemption is in effect; and the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity. For subsections (1A) and (1C) (b) , a written notice given to a member of the controlling body of an entity is taken to have been given to the entity. Subsections (1A) to (1D) are additional Queensland provisions. (sec.14-frag-ssec.1A) The Registrar may, by written notice given to an entity, exempt the entity from subsection (1) . (sec.14-frag-ssec.1B) An exemption given under subsection (1A) : may be given subject to conditions; and has effect for the period stated in the exemption, unless it is earlier revoked. (sec.14-frag-ssec.1C) If the Registrar gives an entity an exemption under subsection (1A) : subsection (1) does not apply in relation to the entity while the exemption is in effect; and the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity. (sec.14-frag-ssec.1D) For subsections (1A) and (1C) (b) , a written notice given to a member of the controlling body of an entity is taken to have been given to the entity.
- (a) may be given subject to conditions; and
- (b) has effect for the period stated in the exemption, unless it is earlier revoked.
- (a) subsection (1) does not apply in relation to the entity while the exemption is in effect; and
- (b) the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity.