Co-operative

Summary policy

Date
September 3, 2003

Reference number
CSP-C18

Key words
Co-operative

Policy statement

A co-operative can only qualify for registration as a charity where:

  • it is established for purposes other than the benefit of its members (that is, non-profit)
  • no financial benefit to its members is permitted (for example, dividends)
  • upon dissolution, the remaining assets of the co-operative are transferred to a qualified donee
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