The purpose of this Act is to provide a legislative framework for the formation, registration and management of cooperatives which enables flexibility in the operation of cooperatives and promotes the development of cooperatives. The Act provides for the: formation, registration and operation of cooperatives; promotion of cooperative philosophy, principles, practices and objectives; protection of the interests of cooperatives, their members and the public in the operations and activities of cooperatives; encouragement and facilitation of self-management by cooperatives at all levels; encouragement of the development, integration and strengthening of cooperatives at local, regional, national and international levels by supporting and fostering State and National peak organizations and cooperative instrumentalities.
Australia · 1996-12-23