Co-operatives National Law update

The introduction of the Co-operatives National Law (CNL) for all States and Territories has been extended until May 2014 due to the potential for some jurisdictions to be affected by election cycles, changes of Governments, parliamentary legislative schedules, or the timing of the making of the National Regulations that may delay implementation.(Background).

However those States and Territories that are in a position to commence their new legislation sooner, will be able to do so.

Each jurisdiction will have its own Local Regulations to deal with matters that differ between the States and Territories, eg. fees and some administrative procedures.

At this stage NSW and Victoria are the jurisdictions most likely to commence their new laws in 2013, subject to approval of the National Regulations, development of their Local Regulations and implementation of new administrative arrangements.

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