NSWIn ForceAct
Co-operatives National Law (NSW)
206Restriction on directors of certain co-operatives selling land to co-operative
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206 Restriction on directors of certain co-operatives selling land to co-operative
206 Restriction on directors of certain co-operatives selling land to co-operative
A director of a co-operative, the primary activity of which is or includes the acquisition of land to settle or retain people on the land and of providing any community service or benefit, must not sell land to the co-operative except under a special resolution of the co-operative.
Maximum penalty—$24,000 or imprisonment for 2 years, or both.