56Content of rules

#### 56 Content of rules 56 Content of rules > > (1) The rules of a co-operative must state or otherwise make provision for the matters included in Schedule 1. > > > (2) The rules must be divided into consecutively numbered paragraphs. > > > (3) The rules may state the objects of the co-operative. > > > (4) The rules may adopt by reference all or any of the provisions of the model rules, as provided in Division 2. > > > (5) The rules may provide for the imposition of a fine on a member for an infringement of the rules. > > > (6) If the rules provide for the imposition of a fine, the rules must state the maximum fine that may be imposed on a member. > > > (7) The maximum fine fixed by the rules must not be more than any amount prescribed by the National Regulations as the maximum fine. > > > (8) The rules may contain other provisions not inconsistent with this Law.