Northern Territory Consolidated Acts Northern Territory Consolidated Acts41. 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.