QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.456What constitutes carrying on business
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sec.456 What constitutes carrying on business
For the purposes of this Chapter and without limiting the definition of carry on business in section 4 in its application to a participating co-operative, a participating co-operative carries on business in this jurisdiction if it— solicits for members in this jurisdiction; or seeks share capital in this jurisdiction, takes deposits in this jurisdiction or offers other securities in the co-operative in this jurisdiction (including the issue of CCUs and debentures).
- (a) solicits for members in this jurisdiction; or
- (b) seeks share capital in this jurisdiction, takes deposits in this jurisdiction or offers other securities in the co-operative in this jurisdiction (including the issue of CCUs and debentures).