Victorian Consolidated Legislation

Co-operative Housing Societies Act 1958 - SECT 4A

Societies excluded from Corporations legislation

4A. Societies excluded from Corporations legislation

The following matters are declared to be excluded matters for the purposes of
section 5F of the Corporations Act in relation to the whole of the
Corporations legislation-

   (a)  a co-operative housing society;

   (b)  securities of a co-operative housing society.

Note This section ensures that neither the Corporations Act nor Part 3 of the
ASIC Act will apply in relation to a co-operative housing society or
securities of a co-operative housing society. Section 5F of the Corporations
Act provides that if a State law declares a matter to be an excluded matter in
relation to the whole of the Corporations legislation, then that legislation
will not apply in relation to that matter in the State concerned. However,
other provisions of this Act apply certain provisions of the Corporations
legislation to co-operative housing societies as laws of this State.