sec.37Draft rules submitted before commencement

sec.37 Draft rules submitted before commencement

This section applies if— before the commencement, draft rules for a proposed cooperative were submitted to the registrar under section 18 of the repealed Act; and immediately before the commencement, the registrar had not decided to approve, or refuse to approve, rules for the proposed cooperative under section 18 of the repealed Act. Section 18 of the repealed Act continues to apply in relation to the draft rules as if that Act had not been repealed. If the registrar approves rules for the proposed cooperative under section 18 of the repealed Act, the approval is taken to be an approval of rules given under section 24 of the Law. (sec.37-ssec.1) This section applies if— before the commencement, draft rules for a proposed cooperative were submitted to the registrar under section 18 of the repealed Act; and immediately before the commencement, the registrar had not decided to approve, or refuse to approve, rules for the proposed cooperative under section 18 of the repealed Act. (sec.37-ssec.2) Section 18 of the repealed Act continues to apply in relation to the draft rules as if that Act had not been repealed. (sec.37-ssec.3) If the registrar approves rules for the proposed cooperative under section 18 of the repealed Act, the approval is taken to be an approval of rules given under section 24 of the Law.

• (a) before the commencement, draft rules for a proposed cooperative were submitted to the registrar under section 18 of the repealed Act; and
• (b) immediately before the commencement, the registrar had not decided to approve, or refuse to approve, rules for the proposed cooperative under section 18 of the repealed Act.