New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 32

32 Objects of this Division

(1) The objects of this Division are:

(a) to provide that the doctrine of ultra vires does not apply to co-operatives, and

(b) without affecting the validity of a co-operative’s dealings with outsiders, to ensure that the co-operative’s officers and members give effect to provisions of the co-operative’s rules relating to the primary activities or powers of the co-operative.

(2) This Division is to be construed and have effect accordingly.