Cooperatives Act 1997 - Queensland

Description

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.

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

Administering agency

Department of Justice and Attorney-General

Office of Fair Trading

Registration Services

Contact details

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

Queensland Government Service Centre

Operating address: Upper Plaza Terrace
33 Charlotte Street
Brisbane, Queensland 4000
Mailing address: GPO Box 3111
Brisbane, Queensland 4001
Phone: 13 QGOV (13 74 68)
Phone: 07 3405 0985
Fax: 07 3405 0731
Email: RegistrationServices@justice.qld.gov.au