New South Wales Consolidated Regulations

CO-OPERATIVES REGULATION 2005 - REG 7

7 Factors and considerations for determining primary activities

(1) For the purposes of section 121 (2) (c) of the Act, the following factors and considerations are relevant in determining the matter referred to in section 121 (1) (a) of the Act:

(a) in the case of a co-operative whose activities include the provision of a taxi radio network facility-whether the co-operative actually carries out that activity,

(b) in the case of a co-operative whose activities include the disposal of produce or livestock on behalf of its members-whether the co-operative actually carries out that activity,

(c) in the case of a co-operative whose activities include the acquisition of particular goods or services for its members-whether the co-operative actually carries out that activity.

(2) For the purposes of section 121 (3) of the Act, the following matters may be taken into account in determining whether an activity makes a significant contribution to the business of the co-operative:

(a) if the activity contributes at least 10 per cent of the co-operative’s:

(i) turnover, or

(ii) income, or

(iii) expenses, or

(iv) surplus, or

(v) business,

(b) if the failure by the co-operative to conduct that activity would result in a reduction of 10 per cent or more in the business conducted by the co-operative.