New South Wales Consolidated Regulations

CO-OPERATIVES REGULATION 2005 - REG 5

5 Maximum fine that may be imposed on member under rules

For the purposes of section 107 (7) of the Act, the maximum fine that may be fixed by the rules of a co-operative is:

(a) in the case of a trading co-operative-10 penalty units, or

(b) in the case of a non-trading co-operative-1 penalty unit.