NATLEX
Database of national labour, social security and related human rights legislation
Australia (109,973) > Cooperatives (1,080)
| Name: | Co-operatives (Adoption of National Law) Act 2012 No 29. |
| Country: | Australia - New South Wales |
| Subject(s): | Cooperatives |
| Type of legislation: | Law, Act |
| Adopted on: | 2012-05-18 |
| Entry into force: | |
| ISN: | AUS-2012-L-93160 |
| Link: | https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=93160&p_lang=en |
| Bibliography: | Legislation on-line  NSW Legislation, Australia (consulted on 2013-05-24) |
| Abstract/Citation: | This Act implements the Co-operatives National Law (CNL). The CNL is a template model of legislation drafted to continue the important principles of co-operation developed by the International Co-operative Alliance and to implement modern principles of corporate governance and accountability similar to requirements for other corporate entities. By aligning co-operatives laws on corporate governance and accountability more closely with laws regarding companies, it is expected that co-operatives will be able to compete on a level playing field with these entities. PART 1 Preliminary 1 Name of Act 2 Commencement 3 Definitions PART 2 Application of Co-operatives National Law and Co-operatives National Regulations 4 Adoption of Co-operatives National Law and Co-operatives National Regulations 5 Meaning of certain terms in Co-operatives National Law for purposes of this jurisdiction 6 Exclusion of legislation of this jurisdiction PART 3 Some matters referred to in Co-operatives National Law (NSW) 7 Designated authority, designated instrument and designated tribunal (Co-operatives National Law s 4) 8 Adjustment of date referred to in Corporations Act as applied (Co-operatives National Law ss 201, 444 and 451) 9 Disposal of consideration for shares compulsorily acquired (Co-operatives National Law s 436) 10 Deregistration (Co-operatives National Law s 453-sections 601AD, 601AE and 601AF of Corporations Act as applied) 11 Warrants (Co-operatives National Law ss 483 and 518) 12 Costs of inquiry (Co-operatives National Law s 530) 13 Secrecy (Co-operatives National Law s 537) 14 Pecuniary penalty orders (Co-operatives National Law s 556) 15 Stamp duty (Co-operatives National Law s 620) 16 Registration fees (Co-operatives National Law s 620) PART 4 Regulations 17 National Regulations 18 Local regulations PART 5 Miscellaneous 19 Non-application of Co-operatives National Law to co-operative housing societies and other bodies 20 Orders and other instruments published in Gazette 21 Proceedings for offences 22 Proceedings for recovery of fines or penalties under co-operative's rules 23 Particular officials protected from liability 24 Registrar of Co-operatives 25 Repeals Schedule 1 Savings and transitional provisions |
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