"co-operative"

means any association of persons registered in terms of section 27 of the Co-operatives Act, 1981 (Act No. 91 of 1981) or section 7 of the Co-operatives Act, 2005 (Act No. 14 of 2005);

[Definition substituted by section 3(1)(c) of the Taxation Laws Amendment Act, 2007 (Act No. 8 of 2007), deemed to have come into operation on 1 January 2007]