In a new research project ACCORD will examine the issue of investment incentives linked to former member entitlements. Co-operatives can re-evaluate their assets and distribute bonus shares to members, effectively permitting members to share in the increase in the net worth of the co-operative during their membership, rather than at the time they leave the co-operative. Co-operatives will need to consider broader management issues regarding the regularity of bonus share and dividend issues that are not matters for legislation, but rather matters for education and managerial discretion. Anyone interested in this project should contact Paul Fitzgerald, Deputy Director, ACCORD, paul.fitzgerald@uts.edu.au