You will require this registration if you intend to establish a co-operative. A co-operative is an organisation owned and controlled by its members that operates primarily for economic, social or cultural benefit of those members. A co-operative can be either:
- A trading co-operative where the organisation must have share capital. Trading co-operatives give returns or distributions on surplus share capital to members by way of bonus shares, dividends or rebates; or
- A non-trading co-operative which must not distribute any of the surplus to members, these are not for profit organisations that may or may not have shares. They exist for the purposes of community benefit rather than individual profit or benefit.
Please use the contact details below to find out more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
To be eligible for this registration you must:
- Have a minimum of five people over the age of 18 interested in being founding members of the co-operative;
- Submit a disclosure statement and draft rules for the corporation; and
- Hold a formation meeting where the disclosure statement and draft rules are presented and passed by the members.
Please consult the Contact Officer for more information regarding eligibility requirements.
Registrations are perpetual. Annual audits of accounts are required in accordance with the Act.
Chief Minister, Treasury and Economic Development Directorate
Cooperatives Act 2002 (Australian Capital Territory)
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