Queensland Consolidated Acts

COOPERATIVES ACT 1997 - SECT 12

(1) If a provision of this Act or a regulation declares a matter to be an applied Corporations legislation matter for the Corporations (Ancillary Provisions) Act 2001, part 3 (the declaratory provision) in relation to any provisions of the Corporations legislation (the applied provisions), the declaratory provision is taken to specify the following changes--

(a) a reference in the applied provisions to articles or memorandum of association or constitution or replaceable rules is to be read as a reference to rules;

(b) a cross-reference in the applied provisions to another provision of the Corporations Act is, if that cross-reference is not appropriate (because for example the provision cross-referred to is not among the applied provisions), to be read as a cross-reference to the equivalent provision of this Act;

(c) a reference in the applied provisions to the Gazette is to be read as a reference to the Queensland Government Gazette;

(d) a reference in the applied provisions to the Commonwealth is to be read as a reference to Queensland;

(e) any of the applied provisions that are not relevant to cooperatives or that are incapable of application to cooperatives are to be ignored;

(f) changes prescribed under a regulation under subsection (2).

(2) A regulation may prescribe the changes that are necessary or desirable for the effective operation of the applied provisions.