๐ Co-operatives Bill 2009
Assented toLABill 2418 March 2009
This Bill establishes a modern legal framework for the formation, registration, and management of co-operatives in Western Australia, replacing outdated legislation and aligning with national standards.
Impact
Co-operatives, their members, and those who interact with them will be affected. The bill aims to promote the co-operative sector, facilitate inter-jurisdictional trade, and provide greater clarity and protection for members.
Key Changes
["Replaces the Companies (Co-operative) Act 1943 and the Co-operative and Provident Societies Act 1903 with a single Act.", "Introduces Co-operative Capital Units (CCUs) to enhance fundraising capabilities.", "Provides new confidentiality safeguards for a co-operative\u2019s membership register.", "Introduces new director duties analogous to those in the Corporations Act 2001."]
Parliamentary Progress
- LA Second Reading MovedLA18 Mar 2009
- LA IntroducedLA18 Mar 2009
- LA Second Reading AgreedLA12 May 2009
- LA Third ReadingLA12 May 2009
- LC Second Reading MovedLC13 May 2009
- LC Third ReadingLC10 Sept 2009
- LC Second Reading AgreedLC10 Sept 2009
- LC AmendedLC10 Sept 2009
- Royal Assent22 Oct 2009
Affected Sectors
agriculturefinancehousingother
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