THE CO-OPERATIVE
RULES - ABRIDGED
All Co-operatives in Australia are legally required to have a comprehensive set of governing rules to ensure that both members, and governance officials understand their rights and responsibilities . The full comprehensive rules for The Pack Music Co-operative can be found here, however an abridged version outlining member and board conduct is noted below for accessibility and simplicity. A link to the 7 Co-operative Principles, which we expect all members to uphold, can also be found below.
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Co-op Members and Board Conduct
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Member Types, Rights, and Expectations
Full Individual Memberships (Musician)
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Eligibility: Natural persons at least 14 years old, acting independently as solo composers or performers.
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Rights:
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Full voting rights in general meetings.
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Access to all member benefits and resources.
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Ability to nominate for the position of member director if vacant positions are available.
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Expectations:
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Actively participate in Co-op activities.
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Pay entry fees and periodic subscriptions promptly (if applicable).
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Maintain good standing and support the Co-op's objectives.
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Full Joint Memberships (Ensemble / Band)
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Eligibility: Up to four natural persons collaborating as a group, either in composing music or performing.
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Rights:
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One collective vote shared among the joint members.
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Joint members can collectively nominate one member to stand for office if vacant positions ae available.
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Access to member benefits and resources as a group.
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Expectations:
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Joint members are jointly and severally liable for payments due to the Co-op.
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Collaborate to maintain active participation and good standing.
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Notify the Co-op of any changes in the representative member.
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Full Corporate or Legal Guardian Memberships (Musician)
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Eligibility: Entities representing individuals under 14 or individuals with legal impairments.
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Can include parents, guardians, trustees, or attorneys.
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Rights:
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Voting rights on behalf of the represented individual.
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Ability to appoint a primary representative and deputies for participation in meetings.
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Expectations:
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Ensure that the interests of the represented individual are actively supported.
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Pay fees and subscriptions on behalf of the represented individual.
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Maintain good standing and comply with Co-op rules.
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Associate Memberships (Business / Corporate / Government)
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Eligibility: Businesses or government entities that have a supportive relationship with the Co-op.
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Rights:
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Recognition of the supportive relationship with the Co-op.
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Access to certain Co-op events and resources.
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No voting rights.
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Expectations:
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Support the Co-op's objectives through collaboration and resource sharing.
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Maintain a positive relationship with the Co-op and other members.
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Pay any applicable fees or contributions as determined by the board.
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Member Obligations
Active Membership
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Definition: Active participation in the Co-op's primary activities, such as contributing music for streaming.
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Requirements:
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Identify with and support the Co-op's objectives.
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Contribute artistic material for streaming.
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Pay fees and subscriptions on time.
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Conduct and Participation
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Meeting Attendance: Members are expected to attend and vote in general meetings.
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Dispute Resolution: Engage in mediation processes for resolving disputes, following Co-op rules.
Board Conduct and Responsibilities
Board Composition
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Structure: Comprises a minimum of 3 and a maximum of 10 member directors.
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Eligibility: Directors must be individuals, at least 18 years old, and of good standing.
Board Duties
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Management: Oversee and manage the Co-op’s operations and business activities.
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Compliance: Ensure the Co-op adheres to legal requirements and internal rules.
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Decision Making: Make strategic decisions through majority votes; the chairperson has a casting vote in case of ties.
Meetings and Decision Making
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Frequency: Board meetings held at least quarterly.
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Quorum: Minimum number of directors required for a valid meeting.
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Voting: Decisions made by majority vote, with the chairperson casting the deciding vote if needed.
Conflicts of Interest
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Declaration: Directors must declare any personal interest in contracts with the Co-op.
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Participation: Directors with declared interests cannot vote on related matters unless permitted by the board.
Delegation
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Authority: Board can delegate powers to directors, committees, or members.
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Terms: Delegated powers must be exercised within specified terms.
Remuneration and Expenses
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Compensation: At this time directors do not receive remuneration except for approved fees and expenses.
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Reimbursement: Necessary business expenses incurred by directors are reimbursed.
Chairperson Role
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Election: Chairperson elected by the board and can be replaced by ordinary resolution.
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Responsibilities: Lead meetings, ensure orderly conduct, and represent the board in official capacities.
By understanding these key points, members can ensure they fulfill their roles and responsibilities within the Co-op while the board effectively supports and manages the Co-op’s governance.
The 7 Principles of Co-operatives
Co-operatives are jointly owned, autonomous businesses formed to benefit their members who are also their owners. In a co-op, ownership and control is shared equally amongst members who use the enterprise to meet a common purpose. The members of a co-op can be individuals, other businesses, employees or community stakeholders.
Co-operatives are the only business model with a set of internationally agreed values. The seven co-operative principles keep co-operatives true to their social purpose.