On this page
- Step 1. Required Number of Persons
- Step 2. Documents to be Lodged with CBS
- Step 3. Submission of Documents
- Step 4. Review by CBS
- Step 5. The Formation Meeting
- Step 6. After the Formation Meeting
- Step 7. Registration
Having determined that a trading co-operative structure is the most desirable for your group, you can take the following steps to form a co-operative:
Step 1. Required Number of Persons
You will need at least five (5) interested people.Step 2. Documents to be Lodged with CBS
Prepare the following documents in draft form and submit them to Consumer and Business Services with the relevant Forms, at least 28 days before the scheduled formation meeting.- Disclosure Statement (to be submitted with Form 1) (see Circular 5)
- Rules of the proposed co-operative (to be submitted with Form 2)
Related information
Step 3. Submission of Documents
Complete the approved Forms 1 and 2 and, together with the respective prescribed fees and the draft documents, mail them to Consumer and Business Services.Step 4. Review by CBS
The draft documents will be then be reviewed by officers of CBS.Related information
Step 5. The Formation Meeting
If your documents are approved by Consumer and Business Services you can hold your formation meeting with as many potential members as possible present. The legal minimum number required is five (5). (See paragraph 16(3)(c) of the Act).Other requirements relating to the formation meeting, as set out in section 16, are;
- the Disclosure Statement must be presented to the meeting
- the proposed rules must be passed by two- thirds of the proposed members attending the meeting
- the proposed members must sign the application for membership, which must be in the form approved by CBS (Form 1A)
- the proposed members must elect the first directors of the proposed co-operative in accordance with the proposed rules and
- the proposed members must authorise a person
- to apply to CBS for registration of the proposed co-operative and
- to do any act or thing necessary to have the proposed co-operative registered.
Step 6. After the Formation Meeting
The application for registration (Form 3) accompanied by the statement listing directors' details (Form 3A) must be lodged with CBS, with the prescribed fee, within two (2) months after closure of the formation meeting or within the extended period that CBS may allow. (See section 19(2) of the Act).Related information
Step 7. Registration
Once registered, CBS will issue a certificate of registration to the co-operative.
Copyright
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
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
