New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 34

34 Restrictions on co-operatives in rules

(1) A co-operative’s rules may contain an express restriction on, or an express prohibition of, the exercise by the co-operative of a power of the co-operative.

(2) A co-operative contravenes this section if:

(a) it exercises a power contrary to an express restriction on, or an express prohibition of, the exercise of that power, being a restriction or prohibition contained in the co-operative’s rules, or

(b) the rules of the co-operative contain a provision stating the objects of the co-operative and the co-operative does an act otherwise than in pursuance of those objects.

(3) An officer of a co-operative who is involved in a contravention by the co-operative of this section also contravenes this section.

(4) A person who contravenes this section is not guilty of an offence.