Queensland Consolidated Acts Queensland Consolidated Acts(1) A trading cooperative must have a share capital.
(2) A trading cooperative is a cooperative whose rules allow it to give returns or distributions on surplus or share capital.
(3) A trading cooperative must have a membership of—
(a) for an association—2 or more cooperatives; or
(b) for a federation—2 or more associations; or
(c) for another trading cooperative—
(i) if a lesser number than 5 is prescribed under a regulation—at least that number of active members; or
(ii) otherwise—5 or more active members.