South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 3

3—Objects of this Act

The objects of this Act are—

            (a)         to enable the formation, registration and operation of co-operatives; and

            (b)         to promote co-operative philosophy, principles, practices and objectives; and

            (c)         to protect the interests of co-operatives, their members and the public in the operation and activities of co-operatives; and

            (d)         to ensure that the directors of co-operatives are accountable for their actions and decisions to the members of co-operatives; and

            (e)         to encourage and facilitate self-management by co-operatives at all levels; and

            (f)         to encourage the development, integration and strengthening of co-operatives at local, regional, national and international levels by supporting and fostering State and national peak organisations and co-operative instrumentalities.