Northern Territory Consolidated Acts

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CO-OPERATIVES ACT - SECT 73

Entry fees and regular subscriptions

73. Entry fees and regular subscriptions

(1) The rules of a co-operative may:

(a) require the payment by members of entry fees and regular subscriptions; and

(b) provide for the repayment of those fees and subscriptions on a person ceasing to be a member.

(2) A co-operative must give to any person intending to become a member written notice of any entry fees or regular subscriptions payable by a member to the co-operative.

(3) A person who becomes a member of the co-operative is not liable to pay any entry fees or regular subscriptions except:

(a) those fees or subscriptions of which the person was given written notice before becoming a member; and

(b) any regular subscriptions that may be imposed by any subsequent alteration of the rules and of which the member has been given notice.



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