An Act to apply a national law that regulates co-operatives
Long title amd 2020 No. 18 s 65 sch 1 pt 1
This Act may be cited as the Co-operatives National Law Act 2020.
This Act commences on a day to be fixed by proclamation.
(1)In this Act—Co-operatives National Law means the Co-operatives National Law, as in force from time to time, set out in the appendix to the Co-operatives (Adoption of National Law) Act 2012 (NSW).Co-operatives National Law (Queensland) means the provisions applying in this jurisdiction because of section 4(1).Co-operatives National Regulation (Queensland) means the provisions applying in this jurisdiction because of section 4(2).local regulation means a regulation made under section 27.national regulation means a regulation, or a provision of a regulation, made under the Co-operatives National Law (Queensland), section 612.public trustee means the public trustee under the Public Trustee Act 1978.Registrar see section 7.this jurisdiction see section 7.(2)A term used in this Act and in the Co-operatives National Law has the same meaning in this Act as it has in that Law.
4Application as law of this jurisdiction
(1)The Co-operatives National Law—(a)applies as a law of this jurisdiction with the modifications set out in this part; and(b)as so applying, may be referred to as the Co-operatives National Law (Queensland); and(c)applies as if it were an Act.(2)The National Regulations under the Co-operatives National Law, as in force from time to time—(a)apply as National Regulations in force for the purposes of the Co-operatives National Law (Queensland)—(i)as modified by a local regulation; and(ii)subject to section 6; and(b)as so applying, may be referred to as the Co-operatives National Regulation (Queensland).For consolidated reprints of the Co-operatives National Law and National Regulations as they apply in Queensland, see the Co-operatives National Law (Queensland) and the Co-operatives National Regulation (Queensland).
5Exclusion of legislation of this jurisdiction
(1)The following Acts of this jurisdiction do not apply in relation to the Co-operatives National Law (Queensland) or an instrument made under that Law, other than to the extent provided for in subsection (2) and section 6—(a)the Acts Interpretation Act 1954;(b)the Legislative Standards Act 1992;(c)the Statutory Instruments Act 1992.(2)The Acts Interpretation Act 1954, section 20C and part 12 apply to the Co-operatives National Law (Queensland) and an instrument made under that Law.
6Parliamentary scrutiny of national regulations
(1)The Statutory Instruments Act 1992, sections 49 to 51 apply in relation to a national regulation as if—(a)a reference in those sections to subordinate legislation were a reference to a national regulation; and(b)the reference to notified under section 47 in section 49 of that Act were a reference to published as mentioned in the Co-operatives National Law (Queensland), section 614(1).Generally speaking, the Statutory Instruments Act 1992, sections 49 to 51 deal with the tabling and disallowance of subordinate legislation and the limited saving of the operation of subordinate legislation that ceases to have effect.(2)A committee of the Legislative Assembly may deal with a national regulation under the Parliament of Queensland Act 2001 as if a reference in that Act to subordinate legislation, or an item of subordinate legislation, were a reference to a national regulation.(3)For subsection (2), the Legislative Standards Act 1992, section 4 applies in relation to a national regulation as if a reference in that section to subordinate legislation were a reference to a national regulation.(4)If a national regulation ceases to have effect because of the operation of subsection (1), the national regulation ceases to have effect for the purposes of the Co-operatives National Law (Queensland), but the cessation does not affect the application of the regulation in another jurisdiction.
Division 2 Meaning of particular terms for Co-operatives National Law (Queensland)
In the Co-operatives National Law (Queensland)—police officer means a police officer within the meaning of the Police Service Administration Act 1990, section 1.4.public sector official means a public service employee under the Public Service Act 2008, section 9.Registrar means the chief executive as the Registrar of Co-operatives in relation to this jurisdiction under section 8.this jurisdiction means Queensland.
The chief executive is designated as the Registrar of Co-operatives in relation to this jurisdiction.
(1)The chief executive is the designated authority for this jurisdiction for the following provisions of the Co-operatives National Law (Queensland)—(a)section 492;(b)section 494;(c)section 601;(d)section 622.(2)A magistrate is the designated authority for this jurisdiction for the Co-operatives National Law (Queensland), sections 504 and 505.(3)The Minister is the designated authority for this jurisdiction for the Co-operatives National Law (Queensland), section 520.
(1)A notice published on a Queensland Government website is the designated instrument for this jurisdiction for the following provisions of the Co-operatives National Law (Queensland)—(a)section 33(1);(b)section 35(5)(a) and (b);(c)section 60(2);(d)section 71(1);(e)section 92(6);(f)section 221(1);(g)section 226(6);(h)section 316(1);(i)section 317(1);(j)section 319(1);(k)section 320(1);(l)section 322(1);(m)section 338(6);(n)section 343(10);(o)section 359(3);(p)section 363(2);(q)section 372(1);(r)section 380(1);(s)section 397(4);(t)section 401(7);(u)section 607(3).(2)A local regulation is the designated instrument for this jurisdiction for the following provisions of the Co-operatives National Law (Queensland)—(a)section 171(1);(b)section 404(4);(c)section 445(3).(3)A notice in the approved form, given to the Registrar and published on a Queensland Government website, is the designated instrument for this jurisdiction for the Co-operatives National Law (Queensland), section 443(5).(4)In this section—Queensland Government website means a website with a URL that contains ‘qld.gov.au’, other than the website of a local government.
(1)The Supreme Court is the designated tribunal for this jurisdiction for the Co-operatives National Law (Queensland), other than part 7.3 of that Law.(2)QCAT is the designated tribunal for this jurisdiction for the Co-operatives National Law (Queensland), part 7.3.
For a consolidated reprint of the Co-operatives National Law as it applies in Queensland, see the Co-operatives National Law (Queensland).
This division modifies the Co-operatives National Law for the purposes of applying the modified Co-operatives National Law as a law of this jurisdiction under section 4.
13Modification of s 220 (Name to include certain matter)
Section 220, after subsection (6)—
insert—(6A)The Registrar may, by written notice given to an entity, exempt the entity from subsection (4) if the Registrar is satisfied the entity is trading or carrying on business for:(a)the purpose of promoting the economic interests of its members in accordance with co-operative principles; or(b)a charitable purpose.(6B)An exemption given under subsection (6A):(a)may be given subject to conditions; and(b)has effect for the period stated in the exemption, unless it is earlier revoked.(6C)If the Registrar gives an entity an exemption under subsection (6A):(a)subsection (4) does not apply in relation to the entity while the exemption is in effect; and(b)the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity.(6D)For subsections (6A) and (6C)(b), a written notice given to a member of the controlling body of an entity is taken to have been given to the entity.Subsections (6A) to (6D) are additional Queensland provisions.
14Modification of s 225 (Restriction on use of word co-operative or similar words)
Section 225, after subsection (1)—
insert—(1A)The Registrar may, by written notice given to an entity, exempt the entity from subsection (1).(1B)An exemption given under subsection (1A):(a)may be given subject to conditions; and(b)has effect for the period stated in the exemption, unless it is earlier revoked.(1C)If the Registrar gives an entity an exemption under subsection (1A):(a)subsection (1) does not apply in relation to the entity while the exemption is in effect; and(b)the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity.(1D)For subsections (1A) and (1C)(b), a written notice given to a member of the controlling body of an entity is taken to have been given to the entity.Subsections (1A) to (1D) are additional Queensland provisions.
15Modification of sch 4 (Miscellaneous provisions relating to interpretation)
(1)Schedule 4, clause 4, after subclause (5)—
insert—(6)However, an editor’s note included in this Law does not form part of this Law.(7)For interpreting an editor’s note included in this Law, an additional Queensland provision is a provision of this Law that does not form part of the Co-operatives National Law and has been included for the application of the Co-operatives National Law in Queensland.(8)In this section—Co-operatives National Law means the Co-operatives National Law, as in force from time to time, set out in the appendix to the Co-operatives (Adoption of National Law) Act 2012 (NSW).Subsections (6) to (8) are additional Queensland provisions.(2)Schedule 4, Part 8—
omit.
16Application of various provisions of Corporations Act—offences by officers of co-operatives
For the following provisions of the Co-operatives National Law (Queensland), 1 July 2001 is specified—(a)section 201(b);(b)section 444(3)(k);(c)section 451(1)(f).
17Disposal of consideration for shares compulsorily acquired
For the Co-operatives National Law (Queensland), section 436(3)(b)(i), paying the amount to the public trustee as unclaimed money is specified.
18Application of Corporations Act—deregistration
(1)For the Co-operatives National Law (Queensland), section 453(d), the State of Queensland is specified.(2)For the Co-operatives National Law (Queensland), section 453(e), crediting the amount to an account in accordance with the Financial Accountability Act 2009 is specified.
For the Co-operatives National Law (Queensland), section 530(3)(b), the State of Queensland is prescribed.
(1)For the Co-operatives National Law (Queensland), section 537(4)(c), the following persons are specified—(a)the Minister responsible for administering the Financial Accountability Act 2009;(b)the Commissioner of State Revenue appointed under the Taxation Administration Act 2001;(c)the Queensland Auditor-General under the Auditor-General Act 2009.(2)Also, the Crime and Corruption Commission is specified for the Co-operatives National Law (Queensland), section 537(4)(c) in relation to particular information if—(a)the Registrar received a written request for the information from the commission; and(b)the Minister and the Registrar approve, in writing, the giving of the information to the commission.(3)For the Co-operatives National Law (Queensland), section 537(6), definition former Act, the repealed Cooperatives Act 1997 is specified.
For the Co-operatives National Law (Queensland), section 556(2), a pecuniary penalty that a person is ordered to pay in this jurisdiction under section 556(1) of that Law—(a)is a debt payable by the person to the State of Queensland; and(b)may be recovered from the person by the State as a debt payable to the State of Queensland.
22Disposal of records by Registrar
For the Co-operatives National Law (Queensland), section 603, the Public Records Act 2002 is specified.
Despite any other Act, a fee must not be charged under an Act for the registration of an instrument in relation to a transfer of property under the Co-operatives National Law (Queensland), section 413 or 481 in relation to—(a)a merger of co-operatives, or a transfer of engagements of a co-operative, under the Co-operatives National Law (Queensland), chapter 4, part 4.3, division 1 or chapter 5, part 5.5; or(b)a transfer of incorporation under the Co-operatives National Law (Queensland), chapter 4, part 4.3, division 2.
For the Co-operatives National Law (Queensland), section 623, the Co-operatives National Law (Queensland) does not apply to a society registered as a cooperative housing society under the Financial Intermediaries Act 1996.
(1)A proceeding for an offence against this Act, the Co-operatives National Law (Queensland) or the Co-operatives National Regulation (Queensland) is a summary proceeding under the Justices Act 1886.(2)A proceeding mentioned in subsection (1)—(a)must be started within 5 years after the offence is committed; and(b)may be brought only by the chief executive or a person authorised in writing by the chief executive to bring the proceedings.
26Proceedings for recovery of fines and penalties under rules of co-operative
(1)This section applies in relation to a fine or penalty imposed on a person under the rules of a co-operative for an infringement of the rules.(2)A proceeding for the recovery of the fine or penalty may be brought only by the co-operative.
(1)The Governor in Council may make regulations under this Act.(2)Without limiting subsection (1), a regulation may—(a)modify the application of a national regulation in this jurisdiction; or(b)if a provision of the Co-operatives National Law (Queensland) or the Co-operatives National Regulation (Queensland) provides that the local regulations may prescribe or provide for a particular matter, or refers to a matter prescribed or provided for by the local regulations—prescribe or provide for the matter for the provision; or(c)prescribe fees payable in relation to the administration of the Co-operatives National Law (Queensland), including additional fees for the late filing of a document with the Registrar; or(d)provide for the refund or waiver of all or part of a fee, or the reduction of a fee, that is payable under the Co-operatives National Law (Queensland); or(e)impose a penalty of no more than 20 penalty units for contravention of a regulation.
The Cooperatives Act 1997, No. 39 is repealed.
Part 5 Transitional and saving provisions for repealed Cooperatives Act 1997
In this part—cooperative means a cooperative under the repealed Act.corresponding Law provision, for a provision of the repealed Act, means a provision of the Law that is equivalent to, or substantially the same as, the provision of the repealed Act.the Law means the Co-operatives National Law (Queensland).repealed Act means the repealed Cooperatives Act 1997.
30Existing cooperatives continue as co-operatives under the Law
(1)This section applies in relation to a body that, immediately before the commencement, was registered as a cooperative under the repealed Act.(2)The body is taken to be registered as a co-operative under the Law.(3)Without limiting subsection (2)—(a)if, immediately before the commencement, the body was a trading cooperative under the repealed Act, the body is taken to be a distributing co-operative under the Law; or(b)if, immediately before the commencement, the body was a non-trading cooperative under the repealed Act, the body is taken to be a non-distributing co-operative under the Law; or(c)if, immediately before the commencement, the body was an association or a federation under the repealed Act, the body is taken to be a co-operative group.See also schedule 3, section 2 of the Law in relation to a foreign co-operative registered under the repealed Act immediately before the commencement.(4)The body’s certificate of registration under the repealed Act continues in effect and is taken to be a certificate of registration under the Law.(5)The body’s disclosure statement under the repealed Act continues in effect and is taken to be its disclosure statement under the Law.(6)A person or body that was a member of the cooperative under the repealed Act immediately before the commencement continues to be a member of the co-operative under the Law.(7)A resolution made by the cooperative under the repealed Act that is in effect immediately before the commencement continues in effect as if it were made under the Law.
31General transitional and saving provision
(1)For applying the Law—(a)anything done under a provision of the repealed Act before the commencement is taken to have been done under a corresponding Law provision; and(b)something may be done under a corresponding Law provision if—(i)before the commencement, the thing was required or permitted to be done, but was not done, under a provision of the repealed Act; and(ii)on the commencement, the period within which the thing was required or permitted to be done has not passed; and(c)the appointment of a person before the commencement under the repealed Act, if the appointment had not ended before the commencement, continues to have the same effect as if that Act had not been repealed; and(d)a thing or circumstance created before the commencement, or existing or continuing immediately before the commencement, under the repealed Act continues to have the same status, operation and effect as if that Act had not been repealed; and(e)a reference in a provision of the Law to a co-operative includes, if the context permits, a reference to a cooperative under the repealed Act.(2)The Law applies for the purpose of subsection (1) with necessary changes.(3)This section does not limit another section of this part.
32Formation meetings held under the repealed Act, s 16
(1)This section applies if—(a)before the commencement, a formation meeting was held under section 16 of the repealed Act in relation to a proposed cooperative; and(b)immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 of the repealed Act.(2)The formation meeting is taken to have been held under chapter 2, part 2.1, division 2 of the Law.(3)A decision made at the formation meeting to authorise a person to apply for registration of the proposed cooperative under the repealed Act is taken to be a decision to authorise a person to apply for registration of the proposed co-operative under the Law.
33Formation meetings held under the repealed Act, s 23
(1)This section applies if—(a)before the commencement, a formation meeting was held under section 23 of the repealed Act in relation to a corporation; and(b)immediately before the commencement, an application for registration of the corporation as a cooperative had not been made under section 22 of the repealed Act.(2)The formation meeting is taken to have been held under section 30 of the Law.(3)A special resolution made at the meeting approving the proposed registration is taken to be a special resolution approving registration as a co-operative under the Law.
34Existing approvals of disclosure statements
(1)This section applies if—(a)before the commencement, the registrar approved, or was taken to have approved, a disclosure statement in relation to a proposed cooperative under section 17 of the repealed Act; and(b)immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 or 22 of the repealed Act.(2)The approval continues in effect and is taken to be an approval of a formation disclosure statement given under section 25 of the Law.
35Draft disclosure statement submitted before commencement
(1)This section applies if—(a)before the commencement, a draft disclosure statement for a proposed cooperative was submitted to the registrar under section 17 of the repealed Act; and(b)immediately before the commencement, the registrar had not decided to approve or refuse to approve, or been taken to have approved, a disclosure statement in relation to the proposed cooperative under section 17 of the repealed Act.(2)Section 17 of the repealed Act continues to apply in relation to the draft disclosure statement as if that Act had not been repealed.(3)If the registrar approves, or is taken to have approved, a disclosure statement in relation to the proposed cooperative under section 17 of the repealed Act, the approval is taken to be an approval of a formation disclosure statement given under section 25 of the Law.
(1)This section applies if—(a)before the commencement, the registrar approved rules for a proposed cooperative under section 18 of the repealed Act; and(b)immediately before the commencement, an application for registration of the proposed cooperative had not been made under section 19 or 22 of the repealed Act.(2)The approval continues in effect and is taken to be an approval of rules given under section 24 of the Law.
37Draft rules submitted before commencement
(1)This section applies if—(a)before the commencement, draft rules for a proposed cooperative were submitted to the registrar under section 18 of the repealed Act; and(b)immediately before the commencement, the registrar had not decided to approve, or refuse to approve, rules for the proposed cooperative under section 18 of the repealed Act.(2)Section 18 of the repealed Act continues to apply in relation to the draft rules as if that Act had not been repealed.(3)If the registrar approves rules for the proposed cooperative under section 18 of the repealed Act, the approval is taken to be an approval of rules given under section 24 of the Law.
38Existing applications for registration of proposed cooperatives
(1)This section applies if—(a)before the commencement, an application for registration of a proposed cooperative was made under section 19 or 22 of the repealed Act; and(b)immediately before the commencement, the registrar had not decided the application.(2)Part 2 of the repealed Act continues to apply in relation to the application as if that Act had not been repealed.(3)If the registrar decides that the registrar is satisfied the requirements for registration for the application have been met—(a)the registrar must register the proposed cooperative as a co-operative under the Law; and(b)the Law applies in relation to the registration as if the decision were made under section 27 or 32 of the Law.(4)In this section—requirements for registration means—(a)for an application made under section 19 of the repealed Act—the requirements for registration mentioned in section 20(2) of the repealed Act; or(b)for an application made under section 22 of the repealed Act—the requirements for registration mentioned in section 25(2) of the repealed Act.
39Existing applications to QCAT
(1)This section applies if—(a)before the commencement, an application was made to QCAT under section 29, 30 or 31 of the repealed Act; and(b)immediately before the commencement, QCAT had not finished dealing with the application.(2)QCAT must continue to hear the application under the repealed Act after the commencement as if that Act had not been repealed.(3)A decision made by QCAT in relation to the application is taken to be a decision made under the Law.
40Right to apply to QCAT for review of matters under repealed Act
(1)This section applies if, immediately before the commencement—(a)a person had a right to apply to QCAT under part 2, division 7 of the repealed Act in relation to a failure to approve a draft disclosure statement or rules, or to register a proposed cooperative; and(b)the person had not made the application; and(c)the period for making the application under the QCAT Act had not expired.(2)This section also applies if, on or after the commencement—(a)the registrar fails to approve a draft disclosure statement or draft rules submitted by a person to the registrar under part 2, division 3 of the repealed Act before the commencement; or(b)the registrar fails to register a proposed cooperative that is the subject of an application for registration made under section 19 or 22 of the repealed Act before the commencement.(3)The person may apply to QCAT under part 2, division 7 of the repealed Act for a review of the registrar’s failure as if that Act had not been repealed.(4)A decision made by QCAT in relation to the application is taken to be a decision made under the Law.
41Dealings with cooperatives before commencement
Part 3, division 3 of the repealed Act continues to apply in relation to a person’s dealings with a cooperative, or dealings with a person who has, or purports to have, directly or indirectly acquired title to property from a cooperative, if the dealings happened before the commencement.
42Fines imposed on members before commencement
A fine imposed on a member under section 74 of the repealed Act, that immediately before the commencement had not been paid by the member, continues in effect after the commencement as if the fine were imposed under section 126 of the Law.
43Fines may be imposed on members after commencement
(1)A co-operative may impose a fine on a member under section 126 of the Law for an infringement of the rules of the co-operative that happened before the commencement.(2)However, subsection (1) does not apply if a fine was imposed on the member for the infringement under section 74 of the repealed Act.
44Transfers of property under the repealed Act, pt 4, div 3
Section 81 of the repealed Act continues to apply in relation to a transfer of property made under part 4, division 3 of the repealed Act before the commencement as if that Act had not been repealed.
45Existing applications to Supreme Court
(1)This section applies if—(a)before the commencement, an application had been made to the Supreme Court under part 4 of the repealed Act; and(b)immediately before the commencement, the Supreme Court had not finished dealing with the application.(2)The Supreme Court must continue to hear the application under the repealed Act after the commencement as if that Act had not been repealed.(3)An order made by the Supreme Court under part 4 of the repealed Act in relation to the application is taken to be an order made under chapter 2, part 2.5 of the Law.
An order made by the Supreme Court under part 4 of the repealed Act and in effect immediately before the commencement continues in effect as if the order were made under chapter 2, part 2.5 of the Law.
47Applications to Supreme Court in relation to matters arising before commencement
A person or co-operative may make an application to the Supreme Court under chapter 2, part 2.5 of the Law in relation to a matter arising before the commencement.
(1)The existing rules of a co-operative are the rules that were—(a)registered under the repealed Act; and(b)in force for the co-operative immediately before the commencement.(2)The co-operative’s existing rules—(a)continue in effect; and(b)are taken to be the co-operative’s rules under the Law; and(c)are taken to have been registered under the Law.(3)If a provision of the co-operative’s existing rules are inconsistent with the Law, the Law prevails to the extent of the inconsistency.(4)For applying the existing rules—(a)a reference in the existing rules to a requirement under the repealed Act is taken to be a reference to a requirement under the Law that is equivalent to, or substantially the same as, the requirement under the repealed Act; and(b)a reference in the existing rules to the co-operative being a trading cooperative is taken to be a reference to the co-operative being a distributing co-operative; and(c)a reference in the existing rules to the co-operative being a non-trading cooperative is taken to be a reference to the co-operative being a non-distributing co-operative.
49Proposed alteration of rules submitted before commencement
(1)This section applies if—(a)before the commencement, a draft of a proposed alteration of a cooperative’s rules was submitted to the registrar under section 106 of the repealed Act; and(b)immediately before the commencement, the registrar had not decided—(i)to approve the proposed alteration or a different alteration; or(ii)to refuse to approve the proposed alteration.(2)Section 106 of the repealed Act continues to apply in relation to the proposed alteration as if that Act had not been repealed.(3)If the registrar approves the proposed alteration, or a different alteration, under section 106(4) of the repealed Act, the approval is taken to be an approval of an amendment of the rules given under section 60(6) of the Law.
50Existing applications for registration of alterations
(1)This section applies if—(a)before the commencement, an application for registration of an alteration of a cooperative’s rules was made under section 109 of the repealed Act; and(b)immediately before the commencement, the registrar had not registered the alteration or refused to register the alteration.(2)Section 109 of the repealed Act continues to apply in relation to the application as if that Act had not been repealed.(3)If the registrar decides to register the alteration, the Law applies in relation to the registration as if the decision were made under section 63 of the Law.
51Existing applications to QCAT
(1)This section applies if—(a)before the commencement, a cooperative had made an application to QCAT under section 110 of the repealed Act; and(b)immediately before the commencement, QCAT had not finished dealing with the application.(2)QCAT must continue to hear the application under the repealed Act after the commencement as if that Act had not been repealed.(3)A decision made by QCAT in relation to the application is taken to be a decision made under the Law.
52Right to apply to QCAT for review of matters under repealed Act
(1)This section applies if, immediately before the commencement—(a)a cooperative had a right to apply to QCAT under section 110 of the repealed Act for a review of a matter mentioned in that section; and(b)the cooperative had not made the application; and(c)the period for making the application under the QCAT Act had not expired.(2)This section also applies if, on or after the commencement, the registrar fails to approve an alteration of a cooperative’s rules, or to register an alteration of the cooperative’s rules, under the repealed Act.(3)The cooperative may apply to QCAT for a review of the failure under the repealed Act as if the repealed Act had not been repealed.(4)A decision made by QCAT in relation to the application is taken to be a decision made under the Law.
53Existing applications to Supreme Court
(1)This section applies if—(a)before the commencement, a person had made an application to the Supreme Court under section 125(5) of the repealed Act; and(b)immediately before the commencement, the Supreme Court had not finished dealing with the application.(2)The Supreme Court must continue to hear the application under the repealed Act after the commencement as if that Act had not been repealed.(3)An order made by the Supreme Court under section 131 of the repealed Act in relation to the application is taken to be an order made under section 162 of the Law.
54Existing orders and directions
An order or direction made by the Supreme Court under section 131 of the repealed Act and in effect immediately before the commencement continues in effect as if the order or direction were made under section 162 of the Law.
55Applications in relation to cancellation of memberships before commencement
(1)A person may make an application for an order under section 162 of the Law in relation to the cancellation of the person’s membership under section 125 of the repealed Act before the commencement.(2)Section 162(2) of the Law does not apply in relation to the application.
56Register of cancelled memberships
A register kept under section 166 of the Law must include the information that must be kept in a register under section 135 of the repealed Act.
57Entitlements of former members of trading cooperatives
(1)A person’s entitlement under a provision of part 6, division 5 of the repealed Act to be taken to be the holder of a share in a cooperative for the purpose of an entitlement of a shareholder in the cooperative, continues in effect as an entitlement under the corresponding Law provision in relation to the transitioned co-operative.(2)For the purposes of applying a corresponding Law provision to an entitlement mentioned in subsection (1), a reference in chapter 2, part 2.6, division 5 of the Law to 2 years is taken to be a reference to 5 years.See schedule 3, section 1 of the Law.(3)A person’s entitlement under section 140 of the repealed Act to be taken to be a member of a cooperative for a distribution from reserves of the cooperative continues in relation to the transitioned co-operative.(4)In this section—transitioned co-operative, in relation to a cooperative, means the co-operative under the Law that the cooperative is taken to be under section 30.
58Share capital of cooperative
(1)The share capital of a cooperative under the repealed Act immediately before the commencement continues to be the share capital of the co-operative under the Law.(2)A share in a cooperative held by a person under the repealed Act immediately before the commencement continues to be held by the person under the Law.(3)An amount unpaid for shares under the repealed Act immediately before the commencement is taken to be an amount unpaid for the shares under the Law.
Section 78 of the Law does not affect shares issued before the commencement of that section.
60Repeal does not affect appointment of deputy registrar and assistant registrar
The appointment of a person as a deputy registrar or assistant registrar under the Public Service Act 2008, mentioned in section 435 of the repealed Act, is not affected by the repeal of the repealed Act.
A reference in an Act or document to the repealed Act may, if the context permits, be taken to be a reference to the Law.