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