As per the COA Rules

Division 4 Shares 

16. Capital and shares (CNL ss76–82) 

1. The capital of the co-operative must be raised by the issue of shares of nominal value of $250 each. 

2. A member must hold a minimum of 10 shares and a maximum of 10,000 shares in the co-operative provided that a member must not hold or have a relevant interest in more than 20% of the nominal value of issued share capital of the co-operative unless permitted to do so under section 363 of the Law. 

3. No share is to be allotted unless 100% of the nominal value of the share has been paid. 

4. A share in the co-operative does not carry a vote. 

5. The right to vote in the co-operative is attached to membership and governed by section 228 of the Law.