New South Wales Consolidated Acts

CO-OPERATIVE HOUSING AND STARR-BOWKETT SOCIETIES ACT 1998 - SECT 54

54 Restrictions on subscriptions and deposits-co-operative housing societies

A co-operative housing society must not:

(a) receive money on deposit, or

(b) raise money by the subscription of its members except money raised by the nominal subscription required by its rules for a person to become a member.