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Co-operatives (Adoption of National Law) Act 2012
207Management contracts
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#### 207 Management contracts
207 Management contracts
> > (1) A co-operative must not enter into a management contract unless the contract has first been approved by special resolution.
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> > (2) A management contract entered into in contravention of subsection (1) is void.
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> > (3) In this section—
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> > management contract means a contract or other arrangement under which—
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> > > (a) a person who is not an officer of the co-operative agrees to perform the whole, or a substantial part, of the functions of the co-operative, whether under the control of the co-operative or not; or
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> > > (b) a co-operative agrees to perform the whole or a substantial part of its functions—
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> > > > (i) in a particular way; or
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> > > > (ii) in accordance with the directions of any person; or
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> > > > (iii) subject to stated restrictions or conditions.