The objects of this Law are:

• to enable the formation, registration and operation of co-operatives
• to promote co-operative philosophy, principles, practices and objectives
• to protect the interests of co-operatives, their members and the public in the operations and activities of co-operatives
• to ensure directors of co-operatives are accountable for their actions and decisions to the members of co-operatives
• to encourage and facilitate self-management by co-operatives at all levels
• to encourage the development, integration and strengthening of co-operatives at local, regional, national and international levels by supporting and fostering state, territory and national peak organisations and co-operative instrumentalities.