Western Australian Numbered Acts

CO-OPERATIVES ACT 2009 (NO. 24 OF 2009) - SECT 374

374 .         Authorisation notices for non-participating co-operatives

                The Registrar may issue to a non-participating co-operative a written notice stating that the co-operative is authorised to carry on business in this State if a notice and accompanying documents are lodged by the co-operative in accordance with section 372 and the Registrar is satisfied that the rules of the co-operative —

            (a)         comply with co-operative principles; and

            (b)         include acceptable active membership provisions; and

            (c)         provide procedures acceptable to the Registrar for disclosure of information; and

            (d)         provide that a member has one vote only; and

            (e)         make adequate provision for the duties of directors; and

            (f)         provide for acceptable accounting standards for the co-operative.