Cooperatives Act 1997 - Queensland

Service summary

To provide for the registration and regulation of cooperatives.

The Cooperatives Act 1997 contains provisions which will be consistent with other States and Territories' legislation.

The Cooperatives Act 1997 introduces cooperative principles and active membership requirements, enables cooperatives to have wider corporate powers, facilitates cooperatives engaging in inter state membership and cross border fundraising and trading, establishes an adequate enforcement regime and enhances directors' duties, facilitates and regulates take overs, mergers, transfer of engagements and reconstruction provisions. It allows for winding up and introduces requirements for disclosure to members when cooperatives are formed and when shares and debentures are issued.

Service type

Regulatory Obligation

An obligation defined in law. A business must comply with relevant services.

Definition of terms

Cooperative

a unique form of business and community structure which enables people with common interests and concerns to work collectively in meeting those interests and concerns.

Lodgement

Comply

Following registration there may be lodgement and late lodgement fees payable. Penalties may be imposed on the cooperative and its officers by the court for breaches of the Act.


Additional information

A cooperative must reflect the principles of cooperation:

  • voluntary and open membership
  • democratic member control
  • member economic participation
  • autonomy and independence
  • education, training and information
  • cooperation among cooperatives
  • concern for the community

Appeal

Appeal process

Lodgement

An appeal may be made to QCAT against a refusal by the Registrar of Cooperatives:

  • to register a cooperative
  • to approve a draft disclosure statement of a proposed cooperative.
  • to approve the draft rules of a proposed cooperative.

Administering agency

Department of Justice and Attorney-General
Office of Fair Trading
Registration Services

Contact details

Queensland Government Service Centre
Department of Justice and Attorney-General
Office of Fair Trading
Registration Services


Operating address:
Upper Plaza Terrace
33 Charlotte Street
Brisbane, Queensland 4000
Mailing address:
GPO Box 3111
Brisbane, Queensland 4001

Phone:

07 3405 0985

Phone:

13 QGOV (13 74 68)

Fax:

07 3405 0731
RegistrationServices@justice.qld.gov.au

Supporting information

Disclaimer

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