ASSOCIATIONS INCORPORATION ACT 2009 - SECT 64 Modifications to text of applied Corporations Act 2001 of the Commonwealth

ASSOCIATIONS INCORPORATION ACT 2009 - SECT 64

64 Modifications to text of applied Corporations Act 2001 of the Commonwealth

(1) The winding up of an association is declared to be an applied Corporations legislation matter for the purposes of Part 3 of the Corporations (Ancillary Provisions) Act 2001 in relation to Parts 5.5 and 5.6 of the Corporations Act 2001 of the Commonwealth, subject to--

(a) the modifications referred to in subsection (2), and

(b) such other modifications (within the meaning of Part 3 of the Corporations (Ancillary Provisions) Act 2001 ) as may be prescribed by the regulations.

(2) The following modifications to the text of the Corporations Act 2001 of the Commonwealth apply for the purposes of subsection (1)--

(a) a reference to a company or body is to be read as a reference to an association,

(b) a reference to the directors of a company is to be read as a reference to the committee members of an association,

(c) a reference to ASIC is to be read as a reference to the Secretary,

(d) a reference to a company's principal place of business is to be read as a reference to an association's official address,

(e) the reference to 5 years in section 1316 of that Act is taken to be a reference to 3 years,

(f) for the purposes of the application of the provisions to a winding up on the certificate of the Secretary, the winding up is to be considered to be a voluntary winding up (but section 490 of the Corporations Act 2001 of the Commonwealth does not apply).