Objects
3 Objects
The objects of this Law are—
to enable the formation, registration and operation of co-operatives; and
to promote co-operative philosophy, principles, practices and objectives; and
to protect the interests of co-operatives, their members and the public in the operations and activities of co-operatives; and
to ensure directors of co-operatives are accountable for their actions and decisions to the members of co-operatives; and
to encourage and facilitate self-management by co-operatives at all levels; and
to encourage the development, integration and strengthening of co-operatives at local, regional, national and international levels by supporting and fostering State, Territory and national peak organisations and co-operative instrumentalities.
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