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s 3

Objects of this Act

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Part 1Preliminary
Division 1Introductory

3 Objects of this Act

The objects of this Act are to —

(a)

enable the formation, registration and operation of co‑operatives; and

(b)

promote co‑operative philosophy, principles, practices and objectives; and

(c)

protect the interests of co‑operatives, their members and the public in the operations and activities of co‑operatives; and

(d)

ensure that the directors of co‑operatives are accountable for their actions and decisions to the members of co‑operatives; and

(e)

encourage and facilitate self‑management by co‑operatives at all levels; and

(f)

encourage the development, integration and strengthening of co‑operatives at local, regional, national and international levels by supporting and fostering State and national peak organisations and co‑operative instrumentalities.

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