31AAdministration of incorporated associations

31A Administration of incorporated associations

[Section 31A Inserted by No. 69 of 2003, Sched. 1, Applied:15 Dec 2003]

(1)  The administration of an incorporated association 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 Part 5.3A (Administration of a company's affairs with a view to executing a deed of company arrangement) of the Corporations Act, subject to the following modifications:

(a) the modifications referred to in subsection (2) ;

(b) such other modifications (within the meaning of Part 3 of the Corporations (Ancillary Provisions) Act 2001 ) as may be prescribed by the regulations.

(2)  The following modifications to the text of the Corporations Act apply for the purposes of subsection (1) :

(a) a reference to a company or body is to be read as a reference to an incorporated association;

(b) a reference to the directors of a company is to be read as a reference to the members of the committee of an incorporated association;

(c) a reference to the secretary of a company is to be read as a reference to the public officer of an incorporated association;

(d) a reference to the principal place of business of a company is to be read as a reference to the address of the public officer of an incorporated association last notified under this Act to the Commissioner;

(e) a reference to a company carrying on business or having a place of business is to be read as a reference to an incorporated association pursuing its objects;

(f) a reference to ASIC is to be read as a reference to the Commissioner;

(g) a reference to a document in the prescribed form is to be read as a reference to a document in the corresponding form prescribed under the Corporations Act with all necessary modifications;