The CNL commenced in NSW on 3 March 2014.
This Act has the template CNL appended to it and refers to the template Co-operatives National Regulations (CNR). In May 2012 the NSW Parliament passed the Co-operatives (Adoption of National Law) Act 2012. NSW is the lead (host) jurisdiction for this national project. Smaller co-operatives have simplified financial reporting to members and no longer have to lodge publicly available accounts. Co-operatives wishing to carry on business across a State or Territory border no longer have to register in each jurisdiction. The Co-operatives National Law (CNL) aims to reduce red tape and associated business costs for co-operatives. A uniform set of national laws for co-operatives is being progressively introduced by the States and Territories.
