Co-operative housing and Starr-Bowkett societies
Learn about Co-operative Housing and Starr-Bowkett societies, their operations, laws, and how to access relevant forms and fees.
Co-operative housing societies and Starr-Bowkett societies are lending institutions. They offer low and middle-income earners funds for home ownership and other purposes.
What are co-operative housing societies?
Co-operative housing societies are financial intermediaries. They do not take deposits and directly lend funds to their members.
What are Starr-Bowkett societies?
Starr-Bowkett societies are a type of terminating building society. They are a mutual organisation, and each depositor is a member. These finite societies provide interest-free or low-interest loans to members. They receive or access the funds from members' pooled savings and use a lottery to choose who gets the loans.
What laws apply?
The main laws that apply to these societies are:
Schedule of fees
The public can view the lodging costs of documents for co-operative housing and Starr-Bowkett societies. To learn more, go to Co-operative housing and Starr-Bowkett society fees.
Forms
Approved forms under Co-operative Housing and Starr-Bowkett Societies legislation are available via the contact details below.