399Approval of merger

399 Approval of merger (1) The Registrar must approve a merger under an application under this Division if satisfied: (a) this Division and the National Regulations have been complied with in relation to the application; and (b) the proposed rules of the merged co-operative are consistent with this Law and may reasonably be approved; and (c) the certificates of registration of the co-operatives have been surrendered to the Registrar; and (d) there is no good reason why the merged co-operative and its rules should not be registered.

Co-operatives (National Uniform Legislation) Act 2015 248 (2) On approving an application for merger, the Registrar must: (a) cancel the registration of the co-operatives involved in the merger; and (b) register the merged co-operative and its rules; and (c) issue to the merged co-operative a certificate of registration under this Law. (3) A merger takes effect on the issue of the certificate of registration for the merged co-operative.