Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) A co-operative is declared to be an applied Corporations legislation matter for the purposes of Part 4 of the Corporations Reform (Northern Territory) Act in relation to Parts 2F.3, 2M.2, 2M.3, 2M.4 and 2M.7 of the Corporations Act 2001, subject to the modifications specified in the Act and Schedule 2A.
(2) For the purposes of section 233(1) of the Act, a co-operative must:
(a) keep financial records and prepare financial statements as required by the provisions of the Corporations Act 2001 applied (as modified) by this regulation; and
(b) ensure that those financial statements are audited in accordance with the provisions of the Corporations Act 2001 applied (as modified) by this regulation.