Queensland Consolidated Acts

COOPERATIVES ACT 1997 - SECT 72

(1) The rules of a cooperative may--

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

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

(1A) The calculation of the amount of a particular member's regular subscription may be based on the amount of business the member does with the cooperative.

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

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

(a) the 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.