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Registration
An interstate co-operative must not carry on business in South Australia unless registered as a foreign co-operative. (s362) Carrying on business constitutes:- soliciting for members in South Australia
- seeking share capital in South Australia or
- providing any goods or services within South Australia. (s363)
A South Australian co-operative wishing to trade interstate must be registered as a foreign co-operative under the consistent co-operatives legislation of the jurisdiction in which it proposes to trade.
Compliance certificate
A certificate of compliance from the home State regulator is a prerequisite to apply to be registered as a foreign co-operative. To issue a compliance certificate to a South Australian co-operative, CBS must be satisfied that the co-operative is at the time complying with the prescribed provisions. (s373) These are:- Part 5 - Rules
- Part 6 - Active membership
- Divisions 5, 6 and 7 of Part 9:
- Financial reports and audit
- Registers, records and returns
- Name and registered office and
- Financial reports and audit
- Division 1 of Part 10 - Power to raise money. (Reg 37)
In practice, when a compliance inspection for foreign registration is undertaken by CBS, overall compliance with the Act is also considered.
Mergers and transfers of engagements
A South Australian co-operative and a co-operative incorporated under consistent interstate legislation may consolidate all or any of their assets, liabilities and undertakings by way of merger or transfer of engagements. (s375)
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Accessibility
Information on accessibility for the Office of Consumer and Business Affairs website can be viewed at: http://www.ocba.sa.gov.au/accessibility.html
Information on copyright for the Office of Consumer and Business Affairs website is provided on behalf of South Australia Central http://www.sacentral.sa.gov.au/site/page.cfm?u=60
Disclaimer
Information on the disclaimer for the Office of Consumer and Business Affairs website is provided on behalf of South Australia Central http://www.sacentral.sa.gov.au/site/page.cfm?u=61
Privacy
The South Australian Office of Consumer and Business Affairs (OCBA) is committed to protecting your privacy and the confidentiality of your personal information, consistent with the South Australian Government's Information Privacy Principles. If you would like to view the full privacy statement please visit: http://www.ocba.sa.gov.au/privacy.html
Webmaster
If you wish to provide feedback on the Office of Consumer and Business Affairs website please contact the Webmaster via email mailto:webmaster@agd.sa.gov.au
Accessibility
Information on accessibility for the Office of Consumer and Business Affairs website can be viewed at: http://www.ocba.sa.gov.au/accessibility.html
