Form C1- ApplicationtoApproveCo-operativeName,

RulesandFormationDisclosureStatement

Application Fee: NIL

Co-operatives (National Uniform Legislation) Act

THINGSTOKNOWBEFORESTARTINGYOURAPPLICATION

Donotcompletethisformifyouaremergingortransferringengagementsoftwoormoreco-operatives.Instead,youwillneedtocompletedifferentformsavailableontheNTGwebsite.

Howto complete this form

  • Attachmentsarerequiredaspartofthisapplication.Refertothedocumentchecklistatquestion8.
  • Thereisnofeetolodgethisapplication.

Lodgementperson

1.Whoislodgingthisapplication?

Surname
Givennames
Address
(includingpostcode)
Daytimetelephonenumber
Emailaddress

Typeofapplicant

2.Areyou(chooseoneoptiononly):

 / Anewproposedco-operativewithnopreviousincorporation
 / Anexistingbodyproposingtobeaco-operative(e.g.corporation,incorporatedassociation,indigenouscorporation)

3.Willtheproposedco-operativebe(chooseoneoptiononly):

 / Astandaloneco-operativewithindividualmembers
 / Aco-operativegroupconsistingoftwoormoreco-operativesthatwillremainseparatelyregistered

4.Whatisthenameoftheproposedco-operative?

Thenameyouproposemaynotbeacceptedbecauseitisdeemedunsuitableorsimilaroridenticaltoanexistingname.TochecktoseeifyournamealreadyexistsorissimilaryoucansearchASIC'sorganisationandbusinessnames register.

Ifyourfirstchoiceofco-operativenameisunavailable,youhavetheoptiontolisttwootherpreferrednameshere.Wewillusethislisttoautomaticallyregisterthefirstavailablename.Pleaseconsideryourpreferencescarefullyas youwillnotbecontactedtoconfirmthenamethatisregistered.Yourpreferencesshouldbesubstantiallydifferenttoeachotherandexistingnames.

Proposedname
Secondpreference
Thirdpreference

5.Whattypeofco-operativeareyouproposingtoform?

 / Adistributingco-operativewithsharecapitalandthatisnotprohibitedfromgivingreturnsordistributionsonsurplusorsharecapital
 / Anon-distributingco-operativethathassharecapitalbutisprohibitedfromgivingreturnsordistributionsonsurplusorsharecapitaltomembers,otherthanthenominalvalueofshares(ifany)atwindingup
 / Anon-distributingco-operativethathasnosharecapital

Rules

6.Whataretheproposedrulesoftheco-operative?

Chooseoneonly

 / Ownrules(youmustchoosethisoptionifyourrulesdifferinanywayfromthemodelrules)
 / Modelrulesasatthedateapprovedbythemembers

Certificationandsignature

7.Icertifythat:

  • Iamlodgingthisformasawrittennoticeofintentiontoapplyforregistrationasaco-operative.
  • Theparticularscontainedinthisapplicationaretrueandcorrect.Iacknowledgethatitisanoffenceundersection514oftheCo-operativesNationalLaw(NSW)toprovidetheRegistrarwithfalseormisleadingdocuments.
  • Theproposedco-operativehastheprescribednumberofactivemembers.

Signature
Date

Documentchecklist

8.Yourapplicationcannotbeprocessedwithoutthefollowingdocuments:

 / Forallapplicants,adraftoftheproposedrulesfortheco-operative(includingactivemembershipprovisions).
 / Ifyouareproposingtobeadistributingco-operative,youmustalsoattachacopyofthedraftformationdisclosurestatementfortheco-operative.AnexampleofadisclosurestatementisavailableontheNSWFair Tradingwebsite.Thedisclosurestatementforadistributingco-operativemustcontaintheinformationnecessarytoensureprospectivemembersareadequatelyinformedofthenatureandextentofaperson’sfinancialinvolvementorliabilityasamemberoftheco-operative,includingifapplicable:
  • theestimatedcostsofformation
  • theactivemembershipprovisionsoftheproposedco-operative
  • therightsandliabilitiesattachingtosharesintheproposedco-operative
  • thecapitalrequiredfortheco-operativeatthetimeofformation
  • theprojectedincomeandexpenditureoftheco-operativeforitsfirstyearofoperation
  • informationaboutanycontractsrequiredtobeenteredintobytheco-operative
  • anyotherinformationthattheRegistrardirectstobeincluded.
Non-distributingco-operativesarenotrequiredtoprovideadisclosurestatementunlesslaterrequestedbytheRegistrar.

Howtolodge

CompletetheformandsignintheCertificationsection.Usepaperclipsandnotstaplesforalldocuments.

Iflodgingbyemail,

Iflodgingbypost,postthecompletedformandanyattachmentstoa Territory Business Centre

Iflodginginperson,formsmaybelodgedandpaymentmadeatanyTerritory Business Centre

Whathappenswhenyoulodgeyourapplication

  • Youmayberequiredtoprovidefurtherinformation.
  • Whentheformiscompletedcorrectlyandallnecessarydocumentsareattached,within28daysyouwillreceivenotificationofthenextstepsintheregistrationprocess.
  • Ifanychangeoccursintheinformationyouhaveprovidedinyourapplication,youmustnotifyLicensing NTassoonaspossible.

TheCo-operativesNationalLaw(NSW)canbefoundattheAppendixtotheNTCo-operatives(National Uniform Legislation)Act2015.