Western Australian Consolidated Acts

COMPANIES (CO-OPERATIVE) ACT 1943 - NOTES

Notes

¹ This is a compilation of the Companies (Co-operative) Act 1943 and includes the amendments made by the other written laws referred to in the following table ^1a. The table also contains information about any reprint.

Compilation table

Short title	Number and year		Assent	Commencement
Companies Act 1943 15	36 of 1943 (7 Geo. VI No. 31)		3 Dec 1943	29 Dec 1947 (see s. 1 and Gazette 7 Nov 1947 p. 2062)
Companies Act Amendment Act 1946	31 of 1946 (10 and 11 Geo. VI No. 31)		24 Jan 1947	24 Jan 1947
The Companies Regulations 1947 r. 37 published in Gazette 5 Nov 1947 p. 2017-56				5 Nov 1947
Companies Act Amendment Act 1947	32 of 1947 (11 Geo. VI No. 32)		1 Dec 1947	1 Dec 1947
Companies Act Amendment Act (No. 2) 1947	84 of 1947 (11 and 12 Geo. VI No. 84)		14 Jan 1948	14 Jan 1948
Companies (Liquidators’ Accounts) Rules 1949 r. 2 published in Gazette 24 Jun 1949 p. 1373-6				24 Jun 1949
Companies Act Amendment Act 1949		47 of 1949 (13 Geo. VI No. 133)	26 Oct 1949	26 Oct 1949
Companies Act Amendment Act 1951		21 of 1951 (15 Geo. VI No. 21)	27 Nov 1951	27 Nov 1951
Companies Act Amendment Act 1953		17 of 1953 (2 Eliz. II No. 17)	7 Dec 1953	7 Dec 1953

Companies Act Amendment Act (No. 2) 1953	73 of 1953 (2 Eliz. II No. 73)	9 Jan 1954	9 Jan 1954
Companies Act Amendment Act 1954	2 of 1954 (3 Eliz. II No. 2)	25 Aug 1954	25 Aug 1954
Reprint of the Companies Act 1943 approved 16 Dec 1954 in Volume 7 of Reprinted Acts (includes amendments listed above)
Companies Act Amendment Act 1959	39 of 1959 (8 Eliz. II No. 39)	10 Nov 1959	10 Nov 1959
Companies Act Amendment Act (No. 2) 1960	78 of 1960 (9 Eliz. II No. 78)	12 Dec 1960	23 Feb 1962 (see s. 2 and Gazette 23 Feb 1962 p. 513)
Companies Act Amendment Act 1961	10 of 1961 (10 Eliz. II No. 10)	10 Oct 1961	1 Dec 1961 (see s. 2 and Gazette 10 Nov 1961 p. 3121)
Companies Act 1961	82 of 1961 (10 Eliz. II No. 82)	22 Jan 1962	5 Oct 1962 (see s. 2 and Gazette 5 Oct 1962 p. 3299)
Decimal Currency Act 1965	113 of 1965	21 Dec 1965	Act other than s. 4-9: 21 Dec 1965 (see s. 2(1)); s. 4-9: 14 Feb 1966 (see s. 2(2))
Companies (Co-operative) Act Amendment Act 1976	59 of 1976	16 Sep 1976	16 Sep 1976
Credit Unions (Consequential Provisions) Act 1979 Pt. 3	47 of 1979	7 Nov 1979	1 Jul 1980 (see s. 2 and Gazette 27 Jun 1980 p. 1933)

Companies (Consequential Amendments) Act 1982 s. 28

10 of 1982

14 May 1982

1 Jul 1982 (see s. 2(1) and Gazette 25 Jun 1982 p. 2079)

Companies (Co-operative) Amendment Act 1982	18 of 1982		27 May 1982			1 Sep 1982 (see s. 2 and Gazette 9 Jul 1982 p. 2472)
Companies (Co-operative) Amendment Act 1991	18 of 1991		21 Jun 1991			21 Jun 1991 (see s. 2)
Companies (Co-operative) (Fees) Regulations 1991 published in Gazette 8 Nov 1991 p. 5717-19						8 Nov 1991
Criminal Law Amendment Act (No. 2) 1992 s. 16(1)	51 of 1992			9 Dec 1992		6 Jan 1993
Companies (Co-operative) (Fees) Regulations 1993 published in Gazette 31 Aug 1993 p. 4687-9						1 Sep 1993 (see r. 2)
Companies (Co-operative) Amendment Act 1994	56 of 1994			2 Nov 1994		2 Nov 1994 (see s. 2)
Companies (Co-operative) (Fees) Regulations 1995 published in Gazette 27 Jun 1995 p. 2540-2						1 Jul 1995 (see r. 2)
Local Government (Consequential Amendments) Act 1996 s. 4		14 of 1996			28 Jun 1996	1 Jul 1996 (see s. 2)

Financial Legislation Amendment Act 1996 s. 64

49 of 1996

25 Oct 1996

25 Oct 1996 (see s. 2(1))

Trustees Amendment Act 1997 s. 18	1 of 1997	6 May 1997	16 Jun 1997 (see s. 2 and Gazette 10 Jun 1997 p. 2661)
Statutes (Repeals and Minor Amendments) Act 1997 s. 35	57 of 1997	15 Dec 1997	15 Dec 1997 (see s. 2(1))
Statutes (Repeals and Minor Amendments) Act (No. 2) 1998 s. 76	10 of 1998	30 Apr 1998	30 Apr 1998 (see s. 2(1))
Acts Amendment and Repeal (Financial Sector Reform) Act 1999 s. 66	26 of 1999	29 Jun 1999	1 Jul 1999 (see s. 2 and Gazette 30 Jun 1999 p. 2905)
Reprint of the Companies (Co-operative) Act 1943 as at 14 Jan 2000 (includes amendments listed above)
Corporations (Consequential Amendments) Act 2001 Pt. 13	10 of 2001	28 Jun 2001	15 Jul 2001 (see s. 2 and Gazette 29 Jun 2001 p. 3257 and Cwlth Gazette 13 Jul 2001 No. S285)
Building Societies Amendment Act 2001 s. 46 and 51	12 of 2001	13 Jul 2001	13 Jul 2001 (see s. 2)
Companies (Co-operative) (Fees) Regulations 2002 published in Gazette 28 Jun 2002 p. 3052-4			1 Jul 2002 (see r. 2)
Acts Amendment (Equality of Status) Act 2003 Pt. 6 and s. 117	28 of 2003	22 May 2003	1 Jul 2003 (see s. 2 and Gazette 30 Jun 2003 p. 2579)
Companies (Co-operative) (Fees) Regulations 2003 published in Gazette 27 Jun 2003 p. 2545-7			1 Jul 2003 (see r. 2)
Sentencing Legislation Amendment and Repeal Act 2003 s. 46	50 of 2003	9 Jul 2003	15 May 2004 (see s. 2 and Gazette 14 May 2004 p. 1445)
Acts Amendment and Repeal (Courts and Legal Practice) Act 2003 s. 23	65 of 2003	4 Dec 2003	1 Jan 2004 (see s. 2 and Gazette 30 Dec 2003 p. 5722)
Statutes (Repeals and Minor Amendments) Act 2003 s. 37	74 of 2003	15 Dec 2003	15 Dec 2003 (see s. 2)
Criminal Code Amendment Act 2004 s. 58	4 of 2004	23 Apr 2004	21 May 2004 (see s. 2)
Courts Legislation Amendment and Repeal Act 2004 s. 141	59 of 2004	23 Nov 2004	1 May 2005 (see s. 2 and Gazette 31 Dec 2004 p. 7128)
Criminal Law Amendment (Simple Offences) Act 2004 s. 82	70 of 2004	8 Dec 2004	31 May 2005 (see s. 2 and Gazette 14 Jan 2005 p. 163)
Criminal Procedure and Appeals (Consequential and Other Provisions) Act 2004 s. 78, 80 and 82	84 of 2004	16 Dec 2004	2 May 2005 (see s. 2 and Gazette 31 Dec 2004 p. 7129 (correction in Gazette 7 Jan 2005 p. 53))
Companies (Co-operative) (Fees) Regulations 2005 published in Gazette 28 Jun 2005 p. 2903-5			1 Jul 2005 (see r. 2)
Reprint 3: The Companies (Co-operative) Act 1943 as at 19 Aug 2005 (includes amendments listed above)
Oaths, Affidavits and Statutory Declarations (Consequential Provisions) Act 2005 s. 63	24 of 2005	2 Dec 2005	1 Jan 2006 (see s. 2(1) and Gazette 23 Dec 2005 p. 6244)
Machinery of Government (Miscellaneous Amendments) Act 2006 Pt. 4 Div. 5 16	28 of 2006	26 Jun 2006	1 Jul 2006 (see s. 2 and Gazette 27 Jun 2006 p. 2347)
Companies (Co-operative) (Fees) Regulations 2007 published in Gazette 15 Jun 2007 p. 2767-70			r. 1 and 2: 15 Jun 2007 (see r. 2(a)); Regulations other than r. 1 and 2: 1 Jul 2007 (see r. 2(b))
Duties Legislation Amendment Act 2008 Sch. 1 cl. 3	12 of 2008	14 Apr 2008	1 Jul 2008 (see s. 2(d))
Legal Profession Act 2008 s. 649	21 of 2008	27 May 2008	1 Mar 2009 (see s. 2(b) and Gazette 27 Feb 2009 p. 511)
Companies (Co-operative) (Fees) Regulations 2009 published in Gazette 23 Jun 2009 p. 2434-6			r. 1 and 2: 23 Jun 2009 (see r. 2(a)); Regulations other than r. 1 and 2: 1 Jul 2009 (see r. 2(b))
Reprint 4: The Companies (Co-operative) Act 1943 as at 7 Aug 2009 (includes amendments listed above)

Acts Amendment (Bankruptcy) Act 2009 s. 18

18 of 2009

16 Sep 2009

17 Sep 2009 (see s. 2(b))

^1a On the date as at which this compilation was prepared, provisions referred to in the following table had not come into operation and were therefore not included in this compilation. For the text of the provisions see the endnotes referred to in the table.

Provisions that have not come into operation

Short title	Number and year	Assent	Commencement
Housing Societies Repeal Act 2005 s. 21 17	17 of 2005	5 Oct 2005	To be proclaimed (see s. 2(3) and (4))
Co-operatives Act 2009 s. 490 18	24 of 2009	22 Oct 2009	Operative on the last day of the period of 2 years after the day fixed under s. 2(b) (see s. 2(c))

² This refers to the Commonwealth Bankruptcy Act 1924 which was replaced by the Commonwealth Bankruptcy Act 1966.

³ The Companies Act 1893 was repealed by the Companies Act 1943, which was repealed by the Companies Act 1961, s. 4 and 382(2), except in relation to Co-operative Companies, in respect of which it may now be cited as the Companies (Co-operative) Act 1943.

⁴ Repealed by the Public Trustee Act 1941 s. 3.

⁵ Repealed by the Interpretation Act 1984 s. 77.

⁶ Repealed by the Companies Act 1893 s. 4 (see also note 3).

⁷ Repealed by the Associations Incorporation Act 1987 s. 47.

⁸ Repealed by the Industrial Relations Legislation Amendment and Repeal Act 1995 s. 67.

⁹ Repealed by the Statute Law Revision Act 1967 s. 2.

¹⁰ Repealed by the Business Names Act 1962 s. 3.

¹¹ Under the Alteration of Statutory Designations Order 2003 a reference in any law to the Department of Mines was to be read and construed as a reference to the Department of Industry and Resources.

Under the Public Sector Management Act 1994 the names of departments may be changed. At the time of this compilation the former Department of Industry and Resources is called the Department of Mines and Petroleum.

¹² Repealed by the Commercial Arbitration Act 1985 s. 3.

¹³ Repealed by the Trustees Act 1962 s. 4.

¹⁴ Known as The State Reference Library of Western Australia after the coming into operation of the Library Board of Western Australia Act Amendment Act 1974 on 29 Oct 1974.

¹⁵ Now known as the Companies (Co-operative) Act 1943; short title changed (see note under s. 1).

¹⁶ The Machinery of Government (Miscellaneous Amendments) Act 2006 Pt. 4 Div. 23 reads as follows:

Division 23 — Transitional provisions

151. Commissioner for Fair Trading

(1) On commencement, the person holding the office of Commissioner for Fair Trading immediately before commencement is to be taken to have been designated as the Commissioner or Registrar (as the case requires) for the purposes of each of the following enactments —

(a) the Associations Incorporation Act 1987;

(b) the Business Names Act 1962;

(c) the Chattel Securities Act 1987;

(d) the Companies (Co-operative) Act 1943;

(e) Part 8 of the Competition Policy Reform (Western Australia) Act 1996;

(f) the Consumer Affairs Act 1971;

(g) the Co-operative and Provident Societies Act 1903;

(h) the Credit Act 1984;

(i) the Credit (Administration) Act 1984;

(j) the Employment Agents Act 1976;

(k) the Hire-Purchase Act 1959;

(l) the Limited Partnerships Act 1909;

(m) the Motor Vehicle Dealers Act 1973;

(n) the Petroleum Products Pricing Act 1983;

(o) the Petroleum Retailers Rights and Liabilities Act 1982;

(p) the Residential Tenancies Act 1987;

(q) the Retirement Villages Act 1992;

(r) the Travel Agents Act 1985.

(2) A thing done or omitted to be done by, to or in relation to, the Commissioner for Fair Trading (including in his or her capacity as the Prices Commissioner) before commencement under a provision of the Consumer Affairs Act 1971 for the purposes of another enactment listed in subsection (1) has the same effect after commencement, to the extent that it has any force or significance after commencement, as if it had been done or omitted —

(a) by, to or in relation to, the Commissioner or Registrar (as the case requires) as defined in that other enactment as in force after commencement; and

(b) where relevant, under the corresponding provision of that other enactment as in force after commencement.

(3) To the extent that a thing done or omitted to be done by, to or in relation to, the Commissioner for Fair Trading (including in his or her capacity as the Prices Commissioner) before commencement under, or for the purposes of, an enactment listed in subsection (1) is not covered by subsection (2), it has the same effect after commencement, to the extent that it has any force or significance after commencement, as if it had been done or omitted by, to or in relation to, the Commissioner or Registrar (as the case requires) as defined in that enactment as in force after commencement.

(4) A thing done or omitted to be done by, to or in relation to, the Commissioner for Fair Trading before commencement under, or for the purposes of, an enactment not listed in subsection (1) has the same effect after commencement, to the extent that it has any force or significance after commencement, as if it had been done or omitted by, to or in relation to, the Commissioner as defined in the Consumer Affairs Act 1971 as in force after commencement.

(5) A reference in an enactment to the Commissioner for Fair Trading is to have effect after commencement as if it had been amended to be a reference to —

(a) in the case of an enactment listed in subsection (1) or subsidiary legislation made under such an enactment — the Commissioner or Registrar (as the case requires) as defined in the enactment as in force after commencement; or

(b) in the case of any other enactment or subsidiary legislation — the Commissioner as defined in the Consumer Affairs Act 1971 as in force after commencement.

152. Commissioner for Corporate Affairs and Registrar of Co-operative and Financial Institutions

(1) A thing done or omitted to be done by, to or in relation to, the Commissioner for Corporate Affairs before commencement under, or for the purposes of, the Companies (Co-operative) Act 1943 has the same effect after commencement as if it had been done or omitted by, to or in relation to, the Registrar as defined in that Act as in force after commencement.

(2) A thing done or omitted to be done by, to or in relation to, the Registrar of Co-operative and Financial Institutions before commencement under, or for the purposes of, the Co-operative and Provident Societies Act 1903 has the same effect after commencement as if it had been done or omitted by, to or in relation to, the Registrar as defined in that Act as in force after commencement.

153. Consumer Affairs Act 1971

Each office in existence immediately before commencement because of section 15(1) of the Consumer Affairs Act 1971 does not cease merely because that subsection is repealed by this Act.

154. Petroleum Products Pricing Act 1983

Each office in existence immediately before commencement because of section 5(2)(b) of the Petroleum Products Pricing Act 1983 does not cease merely because that paragraph is deleted by this Act.

155. Interpretation

In this Division —

commencement means the time at which this Division comes into operation;

Commissioner for Fair Trading means the Commissioner for Fair Trading referred to in section 15 of the Consumer Affairs Act 1971 as in force before commencement;

Prices Commissioner means the Prices Commissioner referred to in section 5(1) of the Petroleum Products Pricing Act 1983 as in force before commencement.

¹⁷ On the date as at which this compilation was prepared, the Housing Societies Repeal Act 2005 s. 21 had not come into operation. It reads as follows:

21. Companies (Co-operative) Act 1943 amended

(1) The amendments in this section are to the Companies (Co-operative) Act 1943.

(2) Section 46(3a) is amended by deleting paragraph (a) and “or” after it.

(3) Section 172(1) is amended by deleting paragraph (a) and “or” after it.

(4) Section 176A(1)(c) is deleted.

(5) Section 366 is amended in the definition of “Company” by deleting “, or a society registered under the Housing Societies Act 1976”.

¹⁸ On the date as at which this compilation was prepared, the Co-operatives Act 2009 s. 490 had not come into operation. It reads as follows:

490. Companies (Co-operative) Act 1943 repealed

The Companies (Co-operative) Act 1943 is repealed.

Defined Terms

[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]

Defined Term Provision(s)
a company limited by shares 12(a)
a members’ voluntary winding-up 236(4)
a resolution for voluntary winding-up 231(2)
agents 142(4)(b), 143(4)(b)
an unlimited company 12(b)
arrangement 158(6)
articles 3
assignee 281(2)
attorney 3
authorised representative 371
authorised share broker 371
bankrupt 3
bankruptcy 3
body corporate 11A(4)
books and papers 3
books or papers 3
carries on business 328(1)
certified 328(1)
charge 3, 362(4)
clerk or servant 271(4)

company 3, 11A(4), 28(7), 138(1), 158(6), 328(1), 366, 369(3),
416(2), 421(2), Third Sch.

contributory 3
co-operative company 11A(4)
corporation 11A(4)
Court 3
creditor 3
creditors’ voluntary winding-up 236(4)
debenture 3, 366
deed of settlement 3, 325(4)
Department 3
director 3, 150(6), 281(5), 366
dissenting shareholder 160(4)
dividend 366
document 3
emoluments 131(4), 153(4)
employee 421(2)
executive officer 3A(3)
existing company 3
expert 50(4)
externally-administered non-cooperative 171A
financial year 47 Pt. C(6)
foreign company 3
fund or scheme 421(2)
goods 277(3)
holding company 138(1)
house 366
information 3C(3)
investment company 380(1)
liabilities 159(4)
liability 3
limited company 3
liquidator 3, 267
local register 3
manager 3
marketable securities 380(1)
memorandum 3
mining purposes 3
new body 171A
no liability company 3
non-cooperative 171A
officer 3, 279(3)
officer or servant of the company 138(1)
officers 142(4)(a), 143(4)(a)
official liquidator 267
Official Receiver 148(3)
principal register 3
promoter 50(4)
property 159(4)
proprietary company 37(1)
prospectus 3, 328(1), 366
public company 3
purchase money 47 Pt. C(3)
recognised stock exchange 371
registered auditor 3
registered liquidator 3
Registrar 3
registration office 3
representative 3
sale 366
scrip 3
share 3, 366, Second Sch. Table B it. 24
share broker 371

share certificate 3
shareholder Second Sch. Table B it. 24
sheriff 277(3)
solicitor 397(3)
special resolution 79(2)
sub-purchaser 47 Pt. C(3)
subsidiary company 130(1)
the Act Second Sch. Table A r. 1 and Table B r. 1
the Court 281(4)
the expenses 141(3)
the holding company 129(1)
the minimum subscription 53(2)
the principal register 111(1)
the relevant date 198(8)
the repealed Acts 3
the statutory report 115(2)
the transferee company 159(1), 160(1), 240(1)
the transferor company 160(1), 240(1)
to carry on business 328(1)
to sell 366
transfer 87(1)
transferor company 159(1)
unit 366
unlimited company 3
unregistered company 302
variation 78(6)
varied 78(6)
vendor 47 Pt. C(3)