Homeโ€บBillsโ€บBill 24

๐Ÿ“œ 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modern legal framework for the formation, registration, and management of co-operatives in Western Australia, replacing outdated legislation and aligning with national standards.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

  1. LA Second Reading MovedLA18 Mar 2009
  2. LA IntroducedLA18 Mar 2009
  3. LA Second Reading AgreedLA12 May 2009
  4. LA Third ReadingLA12 May 2009
  5. LC Second Reading MovedLC13 May 2009
  6. LC Third ReadingLC10 Sept 2009
  7. LC Second Reading AgreedLC10 Sept 2009
  8. LC AmendedLC10 Sept 2009
  9. Royal Assent22 Oct 2009
Affected Sectors
agriculturefinancehousingother

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