Cooperatives Regulation 1997. Country/Territory Australia Territorial subdivision Queensland Document type Regulation Date 1997 (2019) Source FAO, FAOLEX Subject Agricultural & rural development Keyword Cooperative/producer organization Access-to-information Indigenous peoples Geographical area Asia and the Pacific, Australia and New Zealand, Indian Ocean, Oceania, South Pacific Entry into force notes Ss 1-2 of this Regulation enter into force on 29 August 1997. Remaining provisions on 1 September 1997. Abstract This Regulation, consisting of 51 sections divided into 14 Parts and 9 schedules and one Attachment, implements the Cooperatives Act 1997. It specifies the rules of a cooperative with share capital must state: a) the minimum number of shares to which a member of the cooperative must subscribe; and b) the way in which the minimum number must be decided, including, for example, by reference to the use made of the cooperative by a member. For the Act, section 101(7), the maximum fine a cooperative may impose on a member under its rules is: a) for a trading cooperative—10 penalty units; or b) for a non-trading cooperative—1 penalty unit. Full text English Website www.legislation.qld.gov.au References - Legislation Implements Cooperatives Act 1997. Legislation | Australia | 1997 (2014) Keyword: Cooperative/producer organization, Agricultural development, Basic legislation Source: FAO, FAOLEX