Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 32

    (1)     A cooperative may, by alteration of its rules, convert from—

        (a)     a cooperative with share capital to a cooperative without share capital or vice versa; or

        (b)     a trading cooperative to a non-trading cooperative or vice versa.

    (2)     An alteration of the rules for the conversion of a cooperative must be approved by special resolution passed by a special postal ballot.