Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) This section applies to a co-operative that has as a primary activity the operation, maintenance or carrying on of a club.
(2) The rules of the co-operative may provide for different classes of membership, and restrict the voting rights attaching to membership of those different classes, only if—
(a) the Registrar approves of the provision; and
(b) the membership of the class or classes entitled to full voting rights constitutes at least 40% of the total membership of the co-operative.
(3) A rules provision mentioned in subsection (2) may be amended only with the prior approval of the Registrar.