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Members of a co-operative must satisfy the active membership requirements in the co-operative’s rules in order to be entitled to vote and to retain their membership. The active membership provisions in a co-operative’s rules set out:. the

Co-operatives must keep written financial records that correctly record and explain their transactions and financial position and performance. The records must enable financial statements to be prepared and audited. Financial records must be

The voluntary winding up of a co-operative requires the appointment of a liquidator to manage the winding up process and finalise the co-operative’s affairs. The co-operative remains in existence as a legal entity until the process is completed. A

A change of a co-operative’s name requires approval by way of a special resolution. The co-operative should also amend its rules to reflect the change. Go to the registering a co-operative page for information regarding the requirements for a

The board of directors is responsible for managing the affairs of a co-operative and should engage in responsible decision-making. Certain decisions are made by members passing either an ordinary or special resolution. This is a resolution that is

The Co-operatives National Law (CNL) enables co-operatives within States and Territories to carry on business within States and Territories that have enacted the CNL or alternately a corresponding co-operatives law. The CNL or corresponding