Tasmanian Consolidated Acts

COOPERATIVES ACT 1999 - SECT 13

      (1) A trading cooperative must have a share capital.

      (2) A trading cooperative is a cooperative whose rules allow it to give returns or distributions on surplus or share capital.

      (3) A trading cooperative must have a membership of –

(a) two or more cooperatives, in the case of an association; and

(b) two or more associations, in the case of a federation; and

(c) for another trading cooperative –

(i) if a lesser number than 5 is prescribed under the regulations, at least that number of active members; or

(ii) otherwise, 5 or more active members.