Operating a cooperative |
The procedures for operating a cooperative are complex, as everything must comply with the Act. Contact us if you have further queries about the information below.
Board of directors
The board of directors manages the business of the cooperative.
Votes and resolutions
Definitions of ordinary resolutions, special resolutions and postal ballot votes, and how much notice to give us and your members.
Financial management
Financial management requirements for running a cooperative, including information about interest declarations, management contracts, accounts, shares and charges.
Reporting requirements
Details of annual general meetings, annual reports and auditors.
Changing the rules
A cooperative can decide to change its rules for many reasons. The amendments must pass through special resolution, be approved by us and be registered.
Dispute resolution
The cooperative´s rules must contain procedures for dealing with disputes.
Last reviewed 09/12/2011 |
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