Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 3

The objects of this Act are to—

        (a)     enable the formation, registration and operation of cooperatives; and

        (b)     promote cooperative philosophy, principles, practices and objectives; and

        (c)     protect the interests of cooperatives, their members and the public in the operations and activities of cooperatives; and

        (d)     ensure that the directors of cooperatives are accountable for their actions and decisions to the members of cooperatives; and

        (e)     encourage and facilitate self-management by cooperatives at all levels; and

        (f)     encourage the development, integration and strengthening of cooperatives at local, regional, national and international levels by supporting and fostering Territory, State and national peak organisations and cooperative instrumentalities.