On behalf of the final Board of the Maleny Cooperative Club Ltd I am writing to confirm that the cooperative has commenced the process of winding up.
You may have attended the members’ meeting, on the 17th March 2016, where we considered the range of options for the future of the cooperative after we ceased trading. The option most supported at that meeting was for the Board to finalise the business of the Upfront Club and to resign to allow for the wind-up process to be actioned by the Office of Fair Trading in due course. The Board dealt carefully and systematically with these details and now the final Audit has been completed.
If you would like to view the final audit you can contact the Financial Manager of the Maple Street Cooperative on email@example.com to arrange a viewing.
The Maple Street Co-operative has forgiven the loans and all other debts have been paid. This forgiveness is dependent upon the condition that the Upfront Club does not trade again.
Although it has been gut-wrenching to have gone this route, we Thank You for your support to the Club over the years and the wonderful memories each of us has to hold on to.
The Board members are now directing their energies to ensuring the Maple Street Co-operative Society Ltd – The Shop – continues to thrive and be the banner of the cooperative tradition of our community.
Chair, Maple Street Co-operative.