๐ Co-operatives Amendment Bill 2015
Assented toLCBill 15518 November 2015
Amends the Co-operatives Act 2009 to align with the Co-operatives National Law, enabling WA co-operatives to participate in the national regulatory scheme.
Impact
Co-operatives in Western Australia will be affected, allowing them to operate under a nationally consistent regulatory framework. This aims to reduce red tape and facilitate inter-state operations.
Key Changes
["Adopts definitions and terminology consistent with the Co-operatives National Law.", "Introduces provisions for the recognition of corresponding co-operatives laws from other jurisdictions.", "Grants the Registrar greater powers in approving the minimum number of members for distributing co-operatives.", "Introduces new sections regarding financial reporting and audit requirements.", "Introduces provisions for disqualification from managing co-operatives."]
Parliamentary Progress
- LC Second Reading MovedLC25 Feb 2016
- LC Third ReadingLC22 Mar 2016
- LC Second Reading AgreedLC22 Mar 2016
- LA Second Reading MovedLA23 Mar 2016
- LA IntroducedLA23 Mar 2016
- LA Second Reading AgreedLA5 Apr 2016
- LA Third ReadingLA5 Apr 2016
- LA Consideration in DetailLA5 Apr 2016
- Royal Assent14 Apr 2016
Affected Sectors
financeother
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