NSWIn ForceAct
Co-operatives National Law (NSW)
48Effect of fraud
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48 Effect of fraud
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).