Co-operatives National Law Act 2020
sec.34Existing approvals of disclosure statements
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sec.34 Existing approvals of disclosure statements
This section applies if— before the commencement, the registrar approved, or was taken to have approved, a disclosure statement in relation to a proposed cooperative under section 17 of the repealed Act; and immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 or 22 of the repealed Act. The approval continues in effect and is taken to be an approval of a formation disclosure statement given under section 25 of the Law. (sec.34-ssec.1) This section applies if— before the commencement, the registrar approved, or was taken to have approved, a disclosure statement in relation to a proposed cooperative under section 17 of the repealed Act; and immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 or 22 of the repealed Act. (sec.34-ssec.2) The approval continues in effect and is taken to be an approval of a formation disclosure statement given under section 25 of the Law.
- (a) before the commencement, the registrar approved, or was taken to have approved, a disclosure statement in relation to a proposed cooperative under section 17 of the repealed Act; and
- (b) immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 or 22 of the repealed Act.