Western Australian Consolidated Acts

CO-OPERATIVE AND PROVIDENT SOCIETIES ACT 1903 - SECT 46

46 .         Dissolution of a registered society

        (1)         A registered society may be dissolved —

            (a)         by order of the Court, or pursuant to a special resolution for the winding up of the society; or

            (b)         by the consent of three-fourths of the members, testified by their signatures to an instrument of dissolution.

        (2)         The dissolution of a registered society under subsection (1)(a) is declared to be an applied Corporations legislation matter for the purposes of Part 3 of the Corporations (Ancillary Provisions) Act 2001 in relation to Parts 5.4 to 5.6, 5.7B and 5.8 (winding up) of the Corporations Act 2001 of the Commonwealth.

        (3)         The following modifications to the text of Parts 5.4 to 5.6, 5.7B and 5.8 of the Corporations Act 2001 of the Commonwealth apply for the purposes of subsection (2) —

            (a)         a reference to a company is to be read as a reference to a registered society;

            (b)         a reference to a special resolution is to be read as a reference to a special resolution under this Act;

            (c)         a reference to ASIC is to be read as a reference to the Registrar;

            (d)         a reference to the Court is to be read as a reference to the Supreme Court.

        [Section 46 inserted by No. 10 of 2001 s. 51; amended by No. 20 of 2003 s. 14.]