business.gov.au

Registration of a Co-operative - Victoria

Description

You will need this registration if you intend to form 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 its members.

A co-operative can be either a:

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

A distributing co-operative can give a return or distribute surplus to the members of the co-operative as bonus shares, dividends or rebates. A non-distributing co-operative cannot give a return or distribute surplus to its members, as they are not-for-profit organisations.

Service type

Licence

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

Eligibility requirements

Please consult the responsible agency for more information regarding eligibility requirements.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Co-operative

Fee information is in the attached fee resource.

Forms

Other resources

Task Business Structure Resources
Vary All Make Changes to a Co-operative (Opens in new window)

Act(s) name

Co-operatives National Law Application Act 2013 Victoria

Regulation(s) name

Co-operatives National Law (Victoria) Local Regulations 2014 Victoria

Application 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.

Administering agency

Department of Justice and Community Safety

Consumer Affairs Victoria

Contact details

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