Homeโ€บBillsโ€บBill 155

๐Ÿ“œ 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

  1. LC Second Reading MovedLC25 Feb 2016
  2. LC Third ReadingLC22 Mar 2016
  3. LC Second Reading AgreedLC22 Mar 2016
  4. LA Second Reading MovedLA23 Mar 2016
  5. LA IntroducedLA23 Mar 2016
  6. LA Second Reading AgreedLA5 Apr 2016
  7. LA Third ReadingLA5 Apr 2016
  8. LA Consideration in DetailLA5 Apr 2016
  9. Royal Assent14 Apr 2016
Affected Sectors
financeother

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