Co-operatives National Law (Queensland)
sec.400Approval of transfer of engagements
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sec.400 Approval of transfer of engagements
The Registrar must approve a transfer of engagements under an application under this Division if satisfied— this Division has been complied with in relation to the application; and the rules or proposed rules of the transferee co-operative are adequate; and 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 there is no good reason why the transfer of engagements should not take effect. A transfer of engagements takes effect on the day stated in the approval of the Registrar. (sec.400-ssec.1) The Registrar must approve a transfer of engagements under an application under this Division if satisfied— this Division has been complied with in relation to the application; and the rules or proposed rules of the transferee co-operative are adequate; and 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 there is no good reason why the transfer of engagements should not take effect. (sec.400-ssec.2) A transfer of engagements takes effect on the day stated in the approval of the Registrar.
- (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.