Registration as a Co-operative - New South Wales

Description

A group of people intending to form a co-operative must register with NSW Fair Trading. A co-operative is a legal entity that is owned and controlled by members. As a legal entity, a co-operative has a corporate status similar to a company that can enter into contracts, sue or be sued, and purchase property.

Co-operatives are based on the International Principles of Co-operation and may be formed for a specific purpose to undertake a variety of activities. Co-operatives are required to conform to usual business controls.

Please note that a new Co-operatives National Law (CNL) commenced on 3 March 2014. The CNL introduces new laws for the registration of co-operatives. Please contact Registry Services at NSW Fair Trading for further information regarding these requirements.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible to register you must have at least 5 people.

Duration

Registration remains valid unless cancelled or wound up.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Co-operative

Fees are listed on the attached document.

Forms

Task Business Structure Resources
Apply Co-operative Co-operatives Forms (Opens in new window)

Other resources

Act(s) name

Co-operatives (Adoption of National Law) Act 2012 NSW

Regulation(s) name

Co-operatives National Regulations NSW

Application process

Apply

There are three steps to registering a new co-operative under the Co-operatives National Law (NSW) (the CNL):

  1. Approval of a set of rules by the Registrar. A draft disclosure statement for distributing co-operatives must also be approved and for other co-operatives if required by the Registrar.
  2. Once approved, a formation meeting is held to formally adopt the rules and, where a disclosure statement is required, to present the disclosure statement to prospective members.
  3. After the formation meeting, an application to register a co-operative form is lodged with the Registrar.

Please consult Registry Services for more information on these requirements

Administering agency

Department of Finance, Services and Innovation

NSW Fair Trading

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Registry Services

NSW Fair Trading

Department of Finance, Services and Innovation

Mailing address: PO BOX 22
Bathurst, New South Wales 2795
Toll Free: 1800 502 042
Phone: 02 6333 1400
Email: registryinquiries@finance.nsw.gov.au
Website: NSW Fair Trading (Opens in new window)