Registration of a Co-operative - Northern Territory

Description

If you intend to form a co-operative, you will need this registration. A co-operative is an organisation owned and controlled by its members that operates primarily for economic, social or cultural benefit of its members. A co-operative legally registered in one jurisdiction is able to operate on a national basis without the need for further registration or reporting requirements in each state.

A co-operative can be either a:

  • distributing co-operative
  • non-distributing co-operative.

A distributing co-operative distributes part of a surplus to the members of the co-operative as bonus shares, dividends or rebates. Non-distributive co-operatives do not distribute parts of a surplus to its members as they are not-for-profit organisations which exist for the purposes of community benefit.

Please contact the Contact Officer for more information.

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 for this registration, the proposed co-operative must have:

  • two or more co-operatives (for a co-operative group)
  • a membership of five or more people (for any other co-operative)
  • held a formal meeting.

Please contact the Contact Officer for more information.

Ongoing eligibility requirements

You must submit the Annual Return Form each year.

Duration

As specified on the registration.

Fees

Please consult the Contact Officer for information on fees to be submitted.

Act(s) name

Co-operatives (National Uniform Legislation) Act 2015 Northern Territory

Regulation(s) name

Co-operatives (National Uniform Legislation) Regulations 2015 Northern Territory

Lodgement process

Apply

There are three steps to registering a new co-operative:

  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

Licensing NT

Contact details

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

Please use these contact details for help or more information:

Senior Licensing Officer

Licensing NT

Operating address: Level 3, NAB House
71 Smith Street
Darwin NT 0800
Mailing address: GPO Box 1154
Darwin NT 0801
Phone: 0889991800
Fax: 0889991888
Email: AGD.Licensingnt@nt.gov.au
Website: https://justice.nt.gov.au/ (Opens in new window)