Co-operatives National Law Application Act 2013
48Effect of fraud
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48 Effect of fraud
(1) A person’s entitlement under this Division to make an assumption is not affected merely by the fact that any person:
(a) has acted or is acting fraudulently in relation to the dealing, acquisition or purported acquisition of title to property to which the assumption relates; or
(b) has forged a document that appears to have been sealed on behalf of a co-operative.
(2) A person may not make an assumption if the person has actual knowledge of the fraudulent action or forgery referred to in subsection (1).
Division 4 Execution of documents