Victorian Consolidated Regulations

CO-OPERATIVE HOUSING SOCIETIES REGULATIONS 2005

S.R. No. 3/2005
Version incorporating amendments as at 29 February 2008

TABLE OF PROVISIONS

           Regulation Page
   1.      Objective
   2.      Authorising provisions
   3.      Commencement
   4.      Revocation
   5.      Definitions
   6.      Application for registration
   7.      Certificate of incorporation
   8.      Change of name of a society
   9.      New certificate of incorporation on change of name
   10.     Advertisement of change of name
   11.     Certificate of incorporation on merger
   12.     Registered office
   13.     Keeping of registers and accounts
   14.     List of members
   15.     Model rules
   16.     Registration of alteration of rules
   17.     Fee for directors appointed by Treasurer
   18.     Minutes of meetings
   19.     Maximum amount of fees to officers other than directors
   20.     Maximum amount of fees to directors
   21.     Security to be provided by officers
   22.     Valuator's report
   23.     Security for fulfilment of the duties of a liquidator
   24.     Fees for liquidator
   25.     Treasurer's indemnity agreements
           __________________
           SCHEDULE 1.
           Form 1-Application to Register a Society
           Form 2-Certificate of Incorporation
           Form 3-Certificate of Incorporation
           Form 4-Certificate of Incorporation
           Form 5-Application to Register Office of Society
           Form 6-Notice of Change of Address of Registered Office
           Form 7-Full List of Members
           Form 8-Application to Register a Special Resolution
           Form 9-Verification of Valuator's Report
           SCHEDULE 2-Matters to be Set Out in the Registers
           1. Register of Directors
           2. Register of members and shares
           3. Register of secretaries
           4. Register of loans raised and securities given
           5. Register of advances made and securities taken
           6. Register of withdrawals and forfeitures
           7. Register of share transfers
           SCHEDULE 3-Model Rules for Co-operative Housing Societies
           1. Name of Society
           2. Status of Society
           3. Registered office
           4. Act Overrides Rules
           5. Interpretation
           6. Dictionary
           7. Society and members bound by the Rules
           8. Alteration of Rules by special resolution
           9. Inspection of Rules
           10. Copy of Rules
           11. Objects of Society
           12. Power of Society to raise money
           13. Seal
           14. Capital and shares
           15. Shareholding requirement
           16. Membership
           17. Application for membership
           18. Allotment of shares
           19. Change of address
           20. Liability of member to Society
           21. Cessation of membership
           22. Annual distribution
           23. Statutory reserve
           24. Periodical payment dates
   25.     Subscriptions on shares
   26.     Extension of time for payments
   27.     Withdrawal of shares
   28.     Treatment of subscriptions paid
   29.     Transfer of shares
   30.     Registration of transfer
   31.     Deceased member
   32.     Treatment of shares of deceased member etc.
   33.     Forfeiture of shares: with notice
   34.     Forfeiture of shares: without notice
   35.     Effects of forfeiture
   36.     Charge on shares
   37.     Management fees
   38.     Advances
   39.     Principal payments and interest payments
   40.     Security for advances
   41.     Form of mortgages
   42.     Purchase of land and erection of house
   43.     Failure to complete works
   44.     Valuation and inspection of property
   45.     Survey of property
   46.     Solicitor
   47.     Costs of mortgage etc.
   48.     Discharge of liability
   49.     Effect of discharge
   50.     Cancellation of notice of discharge
   51.     Insurance of mortgaged property
   52.     Power to sell mortgaged property
   53.     Power to release part of security
   54.     Annual General Meetings
   55.     Special general meeting
   56.     Notice of general meetings
   57.     Ordinary business of annual general meeting
   58.     Special business
   59.     Quorum
   60.     No business without quorum
   61.     Presiding at general meetings
   62.     Restrictions on business transacted
   63.     Standing orders
   64.     Voting
   65.     Special resolution
   66.     Board of directors
   67.     Retirement of directors
   68.     Election of directors
   69.     Manner of election
   70.     Casual vacancy
   71.     Removal of director
   72.     Proceedings of the Board
   73.     Functions of the Board
   74.     Chairperson
   75.     Committees
   76.     Secretary and management organisation
   77.     Insurance
   78.     Vacation of office of director
   79.     Borrowing by directors or officers
   80.     Financial year
   81.     Banking
   82.     Custody of books, securities etc.
   83.     Members' accounts
   84.     Management of society funds
   85.     Auditor
   86.     Settlement of disputes
   87.     Notices
   88.     Shares not to be listed
   89.     Winding up voluntarily
   90.     Winding-up-Termination
   91.     Distribution on winding up
   92.     Charges payable by a member
   93.     Expulsion
   94.     Goodwill
   95.     Rates and taxes
   96.     Distribution on assignment of mortgages
   97.     Preparation of accounts on transfer or merger
   98.     Distribution on transfer
   99.     Distribution by merged society

           APPENDIX 1-Particulars of Society

           APPENDIX 2-Fees and Charges
           ---------------
           ENDNOTES
           1. General Information
           2. Table of Amendments
           3. Explanatory Details