Co-operatives Act, 2005 (Act No. 14 of 2005)SchedulesSchedule 1 : Special Provisions Relating to Certain Kinds of Co-operativesPart 1 : Housing Co-operatives6. Application of other legislation |
[Item 6 of Part 1 of Schedule 1 heading substituted by section 70 of Notice No. 558, GG 36729, dated 5 August 2013]
The provisions of the Share Blocks Control Act, 1980 (Act No. 59 of 1980) do not apply—
(a) | to a housing co-operative registered in terms of this Act in respect of every individual unit owned by the housing co-operative concerned that is used by a member in terms of a rental agreement; and |
(b) | to a housing co-operative registered in terms of this Act in respect of every individual unit of the housing co-operative concerned that has been transferred in ownership to a member. |
[Item 6 of Part 1 of Schedule 1 substituted by section 70 of Notice No. 558, GG 36729, dated 5 August 2013]