Advocates have welcomed the passage of Queensland legislation that creates a nationally-harmonised legislative scheme regulating cooperatives nationwide.
The Co-operatives National Law Bill 2020 – which passed Queensland Parliament on Tuesday – will reduce costs for cooperatives by creating uniform regulation for the sector and bringing it in line with the rest of the country.
The Business Council of Co-operatives and Mutuals (BCCM) believes this bill will provide Queensland entrepreneurs with a greater ability to choose an appropriate business structure, give co-ops better access to capital, and release small co-ops from needing to conduct a compulsory formal audit process.
Read the article at Pro Bono Australia
17 June 2020