Changes to Co-operatives Act 1996
Last Updated on Monday, 06 April 2009 21:23 Written by David Griffiths Wednesday, 11 March 2009 21:00
In a 24 February 2009 circular to registered co-operatives, Consumer Affairs Victoria has advised co-operatives of changes to the Co-operatives Act 1996. (1) Introducing co-operative capital units as an additional form of capital fundraising to support the trading operations of co-operatives. (2) Simplifying the ability of co-operatives registered in another jurisdiction to operate in Victoria and (3) Providing discretion for the Registrar of Co-operatives to exempt small co-operatives from all or specified financial reporting and audit requirements under the Act.



