sec.187Registrar’s power of disqualification (cf Corporations Act s 206F (1) – (4) )

sec.187 Registrar’s power of disqualification (cf Corporations Act s 206F (1) – (4) )

The Registrar may disqualify a person from managing co-operatives for up to 5 years if— within 7 years immediately before the Registrar gives a notice under paragraph (b) (i)— the person has been an officer of 2 or more co-operatives; and while the person was an officer, or within 12 months after the person ceased to be an officer of those co-operatives, each of the co-operatives was wound up and a liquidator lodged a report about the co-operative’s inability to pay its debts; and the Registrar has given the person— a notice in the approved form requiring them to demonstrate why they should not be disqualified; and an opportunity to be heard on the question; and the Registrar is satisfied that the disqualification is justified. If the Registrar disqualifies a person from managing co-operatives under this section, the Registrar must serve a notice on the person advising them of the disqualification. The notice must be in the approved form. The disqualification takes effect from the time when a notice referred to in subsection (2) is served on the person. (sec.187-ssec.1) The Registrar may disqualify a person from managing co-operatives for up to 5 years if— within 7 years immediately before the Registrar gives a notice under paragraph (b) (i)— the person has been an officer of 2 or more co-operatives; and while the person was an officer, or within 12 months after the person ceased to be an officer of those co-operatives, each of the co-operatives was wound up and a liquidator lodged a report about the co-operative’s inability to pay its debts; and the Registrar has given the person— a notice in the approved form requiring them to demonstrate why they should not be disqualified; and an opportunity to be heard on the question; and the Registrar is satisfied that the disqualification is justified. (sec.187-ssec.2) If the Registrar disqualifies a person from managing co-operatives under this section, the Registrar must serve a notice on the person advising them of the disqualification. (sec.187-ssec.3) The notice must be in the approved form. (sec.187-ssec.4) The disqualification takes effect from the time when a notice referred to in subsection (2) is served on the person.

• (a) within 7 years immediately before the Registrar gives a notice under paragraph (b) (i)— (i) the person has been an officer of 2 or more co-operatives; and (ii) while the person was an officer, or within 12 months after the person ceased to be an officer of those co-operatives, each of the co-operatives was wound up and a liquidator lodged a report about the co-operative’s inability to pay its debts; and
• (i) the person has been an officer of 2 or more co-operatives; and
• (ii) while the person was an officer, or within 12 months after the person ceased to be an officer of those co-operatives, each of the co-operatives was wound up and a liquidator lodged a report about the co-operative’s inability to pay its debts; and