New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 3

3 Objects of this Act

(cf Vic Act s 3)
The objects of this Act are:

(a) to enable the formation, registration and operation of co-operatives, and

(b) to promote co-operative philosophy, principles, practices and objectives, and

(c) to protect the interests of co-operatives, their members and the public in the operations and activities of co-operatives, and

(d) to ensure that the directors of co-operatives are accountable for their actions and decisions to the members of co-operatives, and

(e) to encourage and facilitate self-management by co-operatives at all levels, and

(f) to encourage the development, integration and strengthening of co-operatives at local, regional, national and international levels by supporting and fostering State and National peak organisations and co-operative instrumentalities.