CO-OPERATIVES NATIONAL REGULATIONS

Table of Provisions

CHAPTER 1 - PRELIMINARY

• 1.1 Citation
• 1.2 Definitions
• 1.3 Documents that are not debentures (section 4)
• 1.4 Small co-operative (section 4)
• 1.5 Exclusion of prescribed offices--relevant interest in share or right to vote (section 4 and Schedule 2 clause 13)
• 1.6 Declaration of corresponding co-operatives law (section 7(3))

CHAPTER 2 - FORMATION, POWERS AND CONSTITUTION OF CO-OPERATIVES

• 2.1 Maximum fine fixed by rules of co-operative (section 56(7))
• 2.2 Model rules (section 64)
• 2.3 Notice about bonus shares--certificate of value of assets (section 85)
• 2.4 Disclosure by member of relevant interests and instructions--fee payable to certain persons (section 92(8))
• 2.5 Factors and considerations for deciding primary activities and other matters (section 149)
• 2.6 Register of cancelled memberships (section 166)

CHAPTER 3 - MANAGEMENT AND OPERATION OF CO-OPERATIVES

• 3.1 Automatic disqualification for offences (section 182)
• 3.2 Responsibility of secretary for contraventions by co-operative of specified provisions of the Law (section 191)
• 3.3 Registers to be kept by co-operatives (section 212)
• 3.4 Inspection of co-operative's registers and other documents (section 214)
• 3.5 Notice of appointment or cessation of appointment of directors and officers to be lodged with Registrar (section 216)
• 3.6 Reports to be lodged with Registrar concerning prescribed particulars (section 218)
• 3.7 Unsuitable names for co-operatives (section 220(5))
• 3.8 Advertising change of name of co-operative (section 224)
• 3.9 Postal ballot (section 247)
• 3.10 Small co-operative--reports where no members' direction (section 270(3))
• 3.11 Small co-operative--reports where members require audit or review (section 271)
• 3.12 Contents of annual financial report--disclosures required by notes to consolidated financial statements (section 273) (cf Corporations Regulations 2001-regulation 2M.3.01)
• 3.13 Small co-operative--annual reports for members (section 284(2))
• 3.14 Small co-operative--contents of annual return (section 293(3))
• 3.15 Synchronising financial years of co-operative and controlled entities (section 295(4)) (cf Corporations Act section 323D(3) and (4))
• 3.16 Fundraising--requirements or restrictions on who can deposit money with deposit-taking co-operatives (section 332)
• 3.17 Fundraising--other requirements and restrictions for deposit-taking co-operatives (section 332)
• 3.18 Distribution of surplus or reserves to members--minimum rate of interest for loan when rebate paid as loan to co-operative (section 357(4))
• 3.19 Distribution of surplus or reserves to members--limited dividend (section 357(5))
• 3.20 Acquisition and disposal of assets (section 359)
• 3.21 Notice about voting interest under section 360 (section 362)
• 3.22 Notice about substantial share interest under section 361 (section 362)
• 3.23 Requirements to be satisfied before offer can be made (section 374(2))

CHAPTER 4 - STRUCTURAL AND OTHER EVENTS FOR CO-OPERATIVES

• 4.1 Application for transfer (section 403)
• 4.2 Arrangements and reconstructions--explanatory statements (sections 416 and 427)
• 4.3 Acquisition of shares pursuant to notice to dissenting shareholder--compulsory acquisition notice (section 432)
• 4.4 Remaining shareholders may require acquisition--notice to remaining shareholders (section 434)

CHAPTER 5 - PARTICIPATING CO-OPERATIVES

• 5.1 Application of Law and National Regulations to participating co-operatives (section 463)
• 5.2 Restrictions on advertising and publicity--shares (section 466)
• 5.3 Restrictions on advertising and publicity--debentures or CCUs (section 467)
• 5.4 Information to appear on business and other documents (section 469)

CHAPTER 6 - VACANT

CHAPTER 7 - VACANT

CHAPTER 8 - GENERAL

• 8.1 Register of co-operatives (section 599)
• 8.2 Inspection of register of co-operatives (section 601)
• 8.3 Savings or transitional matters (section 613)
• SCHEDULE 1
• SCHEDULE 2
• SCHEDULE 3
• SCHEDULE 4
• SCHEDULE 5
• SCHEDULE 6
• SCHEDULE 7