Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) The rules of a cooperative must set out or otherwise make provision for the matters specified in Schedule 3.
(2) The rules must be divided into paragraphs numbered consecutively.
(3) The rules may state the objects of the cooperative.
(4) The rules may incorporate any provision of the model rules approved under section 103.
(5) The rules may provide for the imposition of a fine on a member for any infringement of the rules.
(6) If the rules provide for the imposition of a fine, the rules must specify the maximum fine that may be imposed on a member.
(7) The maximum fine fixed by the rules must not exceed any amount that may be prescribed as the maximum fine.
(8) The rules may contain other provisions not inconsistent with this Act.