6
CurrentEntry fees and regular subscriptions (CNL s124)
Schedule 5Model rules for a distributing co-operative
Part 2Membership
Division 1Membership generally
6 Entry fees and regular subscriptions (CNL s124)
(1)
The entry fee for an application for membership is.....................
Note—
There does not need to be an entry fee, or a fee could be determined each year by the board and published at the registered office or on the website of the co-operative.
(2)
The regular subscription (also known as a periodic membership fee) is...............
Note—
There need not be any regular subscription, or there could be an annual fee or a fee payable for other periods of time or determined from time to time by the board and published at the registered office or on the website of the co-operative.
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