In the states and territories there are a number of cooperatives providing residential accommodation for members. Typically, a member of a cooperative pays a fixed percentage of his/her income into a pooled fund, which then meets the costs of housing. The cooperative association owns the accommodation and lets the accommodation to members of the cooperative.
EXAMPLE
In the ACT under the Co-operative Housing Resource Centre’s system cooperative residents are tenants of the cooperative at the same time as being members of the cooperative and therefore, lessors at the same time as being tenants.