Co-operatives National Law Application Act 2013
400Approval of transfer of engagements
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400 Approval of transfer of engagements
(1) The Registrar must approve a transfer of engagements under an application under this Division if satisfied:
(a) this Division has been complied with in relation to the application; and
(b) the rules or proposed rules of the transferee co-operative are adequate; and
(c) for a total transfer of engagements from a co-operative—the certificate of registration of the co-operative has been surrendered to the Registrar; and
(d) there is no good reason why the transfer of engagements should not take effect.
(2) A transfer of engagements takes effect on the day stated in the approval of the Registrar.