South Australian Consolidated Acts South Australian Consolidated Acts38—Management of registered housing co-operative
(1) A registered
housing co-operative must have a committee of management comprised of natural
persons who are members of the co-operative.
Maximum penalty: $5 000.
(2) The
committee of management may, subject to any restrictions placed on it by this
Act or the regulations, the rules of the co-operative, or a resolution of the
co-operative—
(a)
manage the affairs of the co-operative;
(b)
exercise or carry out any power or function of the co-operative assigned to
the committee of management by the co-operative (including the power to make
by-laws).
(3) The
committee of management must consist of not less than three members.