New South Wales Consolidated Acts

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CO-OPERATIVES ACT 1992 - SECT 332

Adoption of Part 5.3A of Corporations Act

332 Adoption of Part 5.3A of Corporations Act

(cf Vic Act s 323)
A co-operative 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 the provisions of Part 5.3A and Division 3 of Part 5.9 of the Corporations Act, subject to the following modifications:

(a) those provisions are to be read as if a co-operative were a company,
(b) those provisions are to be read as including the provisions of section 332A of this Act,
(c) a reference in those provisions to sections 128 and 129 of the Corporations Act is to be read as a reference to sections 36-38 and 41 of this Act,
(d) a reference in those provisions to an administrator appointed under a provision of Part 5.3A is to be read as including a reference to an administrator appointed by the Registrar under the provision included by paragraph (b),
(e) a reference in those provisions to ASIC is to be read as a reference to the Registrar,
(f) such other modifications (within the meaning of Part 3 of the Corporations (Ancillary Provisions) Act 2001 ) as may be prescribed by the regulations.
Note: See the note to section 10 (1).



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