Co-operatives Amendment Act | Act 6 of 2013 — South Africa law | Esheria

Co-operatives Amendment Act

This section amends section 1 of the Co-operatives Act, 2005 by changing and adding definitions, including replacing the definition of “Advisory Board” with “Advisory Council”.

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Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 6 of 2013
Version
Undated source snapshot
Language
en
Updated
Official source
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access to information adjudication adjudication hearings administrative support advisory board composition advisory council establishment agency establishment agency governance agency operations agency structure amalgamation amalgamation/division/conversion/transfer amendment amendments annual compliance annual fees annual filing annual reporting annual reports anti-corruption appeals application approval application of legislation application process +311 more

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Statute overview

About this statute

This section amends section 1 of the Co-operatives Act, 2005 by changing and adding definitions, including replacing the definition of “Advisory Board” with “Advisory Council”. This section amends and adds several definitions used in the co-operatives law. This section changes the Act’s objectives to focus on promoting equity, support for co-operatives, agency coordination, and public-private partnerships. A co-operative must follow the Act’s co-operative principles, give each member one vote in category A and B primary co-operatives, and set aside a percentage of surplus as an indivisible reserve under section 46(1). This amendment adds purposes about improving participation and support for disadvantaged groups, cooperatives, and public-private cooperation, with some details to be set by the Minister through notice in the Gazette.

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