Northern Territory Consolidated Regulations

CO-OPERATIVES REGULATIONS - REG 41

For the purposes of clause 2(9) of Schedule 1 to the Act, the rules of a co-operative with a share capital must make provision for:

        (a)     the minimum number of shares to which a member of the co-operative must subscribe; and

        (b)     the manner in which the minimum number may be determined, which may be by reference to the use made by the member of the co-operative.