Northern Territory Consolidated Acts Northern Territory Consolidated Acts70. Rights of membership not exercisable until registered, &c.
(1) A member of a co-operative is not entitled to exercise any rights of membership until:
(a) the member's name appears in the register of members; and
(b) the member has made any payment to the co-operative in respect of membership or acquired any share or interest that is provided in the rules of the co-operative.
(2) The board of a co-operative must ensure that the name of a person admitted to membership is recorded in the register of members within 28 days after the person is admitted to membership.
Penalty: $2,000.