Objects of this Act
3 Objects of this Act
The objects of this Act are to —
enable the formation, registration and operation of co‑operatives; and
promote co‑operative philosophy, principles, practices and objectives; and
protect the interests of co‑operatives, their members and the public in the operations and activities of co‑operatives; and
ensure that the directors of co‑operatives are accountable for their actions and decisions to the members of co‑operatives; and
encourage and facilitate self‑management by co‑operatives at all levels; and
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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