Tasmanian Numbered Acts Tasmanian Numbered Acts119. Regular subscription – active membership of non-trading cooperative
(1) Active membership provisions for a non-trading cooperative may include provision that the payment of a regular subscription by a member of the cooperative, to be applied in connection with a primary activity of the cooperative, is sufficient to establish active membership of the cooperative.
(2) A member of
a cooperative who would, on payment of such a subscription, be an active
member of a cooperative is to be considered to be an active member until the
subscription is due and payable.