Co-operatives Act 2009

A description of a co‑operative is not inadequate or incorrect merely because of one or more of the following —

the use of the abbreviation “Co‑op” instead of the word “Co‑operative” or “Cooperative” in the co‑operative’s name;

the use of the abbreviation “Ltd” instead of the word “Limited” in the co‑operative’s name;

the use of the symbol “&” instead of the word “and” in the co‑operative’s name;

the use of any of those words instead of the corresponding abbreviation or symbol in the co‑operative’s name;

the use of any abbreviation or elaboration of the name of the co‑operative that is approved in a particular case or for a particular purpose by the Registrar in writing.

240. Name to appear on business documents etc.

In this section —

business document, of a co‑operative, means a document that is issued, signed or endorsed by or on behalf of the co‑operative and is —

a business letter, statement of account, invoice or order for goods or services; or

a bill of exchange, promissory note, cheque or other negotiable instrument; or

a receipt or letter of credit issued by the co‑operative; or

a document belonging to a class prescribed by the regulations as a class of business document.

A co‑operative must ensure its name appears in legible characters —

on each seal of the co‑operative; and

in all its business documents.

Penalty for this subsection: a fine of $2 000.

An officer of a co‑operative or a person on its behalf must not —

use any seal of the co‑operative; or

sign or authorise to be signed on behalf of the co‑operative a business document of the co‑operative,

in or on which the co‑operative’s name does not appear in legible characters.

Penalty for this subsection: a fine of $2 000.

A director of a co‑operative must not knowingly authorise or permit a contravention of this section.

Penalty for this subsection: a fine of $2 000.

Despite The Criminal Code section 23B(2), it is immaterial for the purposes of subsection (2) that any event occurred by accident.

[Section 240 inserted: No. 7 of 2016 s. 81.]