Co-operative Societies Act 1974 (ACT)

No. 35 of 1974

AN ORDINANCE

To amend the Co-operative Societies Ordinance 1939-1973.

I, T H E GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Ordinance under

the Seat of Government (Administration) Act 1910-1973.

Dated this twenty-fourth day of September, 1974.

JOHN R. KERR Governor-General.

By His Excellency's Command,

GORDON M. BRYANT

Minister of State for the Capital Territory.

CO-OPERATIVE SOCIETIES ORDINANCE 1974

1. (1) This Ordinance may be cited as the Co-operative Societies

Ordinance 1974.*

(2) The Co-operative Societies Ordinance 1939-1973f is in this

Ordinance referred to as the Principal Ordinance.

1 9 7 3 .

(3) The Principal Ordinance, as amended by this Ordinance, may

be cited as the Co-operative Societies Ordinance 1939-1974.

2 . Section 3 of the Principal Ordinance is repealed.

3. Section 4 of the Principal Ordinance is amended by inserting,

after the definition of "credit society", the following definition:—

" ' housing and services society' means a society formed in

pursuance of section 14J ; " .

* N o t i f i e d i n t h e Australian Government Gazette o n 2 5 S e p t e m b e r 1 9 7 4 .

t O r d i n a n c e N o . 9 , 1 9 3 9 , a s a m e n d e d b y N o . 1, 1 9 4 6 ; N o . 1 4 , 1 9 5 0 ; N o . 1 4 , 1 9 5 4 ; N o . 1 0 , 1 9 5 6 ;

N o . 18 , 1 9 5 8 ; N o s . 3 a n d 7 , 1 9 6 2 ; N o . 1 0 , 1 9 6 3 ; N o . 1 8 , 1 9 6 6 ; N o . 6 , 1 9 7 2 ; a n d N o s . 16 a n d 2 9 ,

4 . The Principal Ordinance is amended by inserting after Part IIIB

the following Par t :—

" PART IIIC—CO-OPERATIVE HOUSING AND SERVICES SOCIETIES.

" 14J. A housing and services society may be formed for all or any

of the following objects:—

(a)	to acquire land on which to erect a building or buildings suitable for residential purposes, or on which such a build­ ing has been or is being erected, and to dispose of or lease that land or let part of such a building;
(b)	to erect on a member's land, or to erect on its own land for sale or letting, buildings suitable for residential pur­ poses;
(c)	to provide services in respect of land acquired by the society; and
(d)	to provide and maintain on land acquired by the society buildings and grounds for any purpose incidental to the use of that land for residential purposes.".

5 . Section 16 of the Principal Ordinance is amended by inserting

after sub-section (7A) the following sub-section:—

" (7B ) The Registrar shall not register a society if he is of the

opinion that—

(a)	the proposed society has no reasonable prospects of carry­ ing out its objects successfully; or
(b)	the proposed society is not designed or intended to serve equitably the interests of its members and prospective members.".