Tasmanian Consolidated Acts

COOPERATIVES ACT 1999 - SECT 71

      (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 those fees and subscriptions on a person ceasing to be a member.

      (2) 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.

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

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

(a) those fees or subscriptions of which the person was given written notice before becoming a member; and

(b) any regular subscriptions which may be imposed by any subsequent alteration of the rules and of which the member has been given notice.