Western Australian Consolidated Acts

COMPANIES (CO-OPERATIVE) ACT 1943 - SECT 5

5 .         Act not to apply to certain societies and companies

                Subject to sections 6 and 11, and except as to Part VIII and the provisions therein contained or incorporated, this Act shall not apply to any ADI (authorised deposit-taking institution) as defined in section 5 of the Banking Act 1959 of the Commonwealth or a corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth, nor to any company or co-partnership which carries on the business of life assurance, either alone or together with any other business, unless such company is already registered under the repealed Acts, or under any law repealed by the repealed Acts, nor to any company or co-partnership formed or to be formed for the purpose of carrying on the business of banking.

        [Section 5 amended by No. 26 of 1999 s. 66(2).]