This legislation has been repealed.
The objects of this Act are to—
(a) enable the formation, registration and operation of cooperatives; and
(b) promote cooperative philosophy, principles, practices and objectives; and
(c) protect the interests of cooperatives, their members and the public in the operations and activities of cooperatives; and
(d) ensure that the directors of cooperatives are accountable for their actions and decisions to the members of cooperatives; and
(e) encourage and facilitate self-management by cooperatives at all levels; and
(f) encourage the development, integration and
strengthening of cooperatives at local, regional, national and international
levels by supporting and fostering Territory, State and national peak
organisations and cooperative instrumentalities.