Tasmanian Numbered Acts Tasmanian Numbered Acts37. Doctrine of ultra vires abolished
(1) The objects of this Division are –
(a) to provide that the doctrine of ultra vires does not apply to cooperatives; and
(b) without affecting the validity of a cooperative's dealings with other persons, to ensure that the cooperative's officers and members give effect to the provisions of the cooperative's rules relating to the primary activities or powers of the cooperative.
(2) This Division is to be construed and have
effect in accordance with subsection (1).