Frequently Asked Questions
Why are we creating a Land Cooperative? The members recognise that living apart in small units, as most people in today's society do, is magnifying the problems humanity faces. By deciding to pool our resources and live together we use less, thus minimising our environmental impact.
It is our aim to create a sustainable lifestyle on the Tablelands, producing quality food for our own consumption, exchange and income. Cooperative living reduces the individual's workload and the sum of us can achieve much more than each of us could individually.
Daily interaction within the cooperative provides us with a rich and diverse experience and...... is fun!
Last, but not least, to effectively meet future challenges such as climate change and peak oil, we intend to create a sustainable and largely self reliant community and to be a model for others.
Why a CoOp rather than a company?
A CoOp can charge it's members a fee - a company cannot
A CoOp can buy shares back - a company cannot
A CoOp can expel members - a company cannot get rid of any shareholder
In a CoOp the shareholders have operational control - in a company, the directors have control.
Who are we? We presently have around 10 people who have been working on creating a cooperative.
Who is the Cooperative? The Cooperative is made up of all shareholders who each hold one voting right.
Shares for individuals or family? One share = one member = one vote, there are no joint shares.
For those wanting to contribute funds greater than the $100,000 membership then investment shares are encouraged, these are non-voting.
How are people going to live? Separate dwellings or communal?
We will have dormitories, rooms under common roof and individual houses as well as communal living areas (eg dining, laundry, library etc).
We encourage communal living but do not exclude individual needs for privacy
Is there going to be a central community space?
There will be at least one shared community space per settlement.
Time frame for purchase? Within one year of registration if possible
Time frame for occupancy? Straight after
How big will the community initially be? 20-40 members
Is there a limit on size of population? No more than about 100 people per settlement. Dependant on land size there may be several settlements
Who owns land and dwellings? The Cooperative – there is no individual ownership of land or housing.
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