181Offence for disqualified person to manage co-operative

181 Offence for disqualified person to manage co-operative (1) A person is a disqualified person in relation to a co-operative if the person: (a) is disqualified from managing corporations under Part 2D.6 of the Corporations Act; or (b) is disqualified from managing co-operatives under this Division; or (c) is disqualified from managing co-operatives under a corresponding co-operatives law; or (d) is the auditor of the co-operative or a business partner, employee or employer of the auditor. (2) A person must not act as a director or directly or indirectly take part in, or be concerned with the management of, a co-operative if the person is a disqualified person in relation to the co-operative.

Co-operatives (National Uniform Legislation) Act 2015 118 (3) It is a defence to an offence arising under this section if the person had permission or leave: (a) in the case of an offence arising in relation to subsection (1)(a) – to manage corporations granted under section 206G of the Corporations Act and as referred to in section 206G(1)(a) of that Act; or (b) in any case – to manage co-operatives given or granted under either section 188 or 189; and their conduct was within the terms of that permission or leave.