(1) An incorporated association is declared to be an excluded matter for the
Corporations Act , section 5F , in relation to the Corporations legislation
other than to the extent specified in subsection (2) .
(2) Subsection (1)
does not apply so as to exclude an incorporated association that is a company
under the Corporations Act from the provisions of Part 5A.1 of that Act, other
than section 601AD(2) , (3) and (4) .
(3) Subsection (1) extends to a company
within the meaning of the Corporations Act as soon as it becomes an
incorporated association under this Act.
(4) Subsection (1) has effect only
for so long as a body is an incorporated association under this Act.