Co-operatives Act 2009
Part 6Active membership
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Part 6 — Active membership
Division 1 — Definitions
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Term used: active membership resolution 79
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What is active membership 79
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What are active membership provisions and resolutions 79
Division 2 — Rules to contain active membership provisions
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Number of primary activities required 80
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Rules to contain active membership provisions 80
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Factors and considerations for determining primary activities etc. 80
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Active membership provisions: distributing co‑operatives 81
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Regular subscription: active membership of non‑distributing co‑operative 81
Division 3 — Active membership resolutions
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Notice of meeting 82
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Eligibility of directors to vote on proposal at board meeting 82
Division 4 — Cancellation of membership of inactive or missing members
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Cancellation of membership of inactive or missing member 82
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Share to be forfeited if membership cancelled 83
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Failure to cancel membership — offence by director 83
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Deferral of forfeiture by board 84
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Cancellation of membership prohibited in certain circumstances 84
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Notice of intention to cancel membership 85
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Order of Supreme Court against cancellation 85
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Repayment of amounts due because of cancelled membership 86
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Interest on deposits, debentures and CCUs 88
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Repayment of deposits and redemption of debentures and CCUs 89
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Register of cancelled memberships 90
Division 5 — Entitlements of former members of distributing co‑operatives
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Application of Division 90
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Former shareholders to be taken to be shareholders for certain purposes 90
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Entitlements of former shareholders on mergers etc. 91
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Set off of amounts repaid etc. on forfeited shares 93
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Regulations may exempt co‑operatives from provisions 94