173Schemes of arrangement and reconstruction

173 Schemes of arrangement and reconstruction

173 Schemes of arrangement and reconstruction

A society 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 5.1 of the Corporations Act, subject to the following modifications to the provisions of Part 5.1—

(a) a reference to a company is to be read as a reference to a society,

(b) a reference to ASIC is to be read as a reference to the Registrar,

(c) a reference to a shareholder is to be read as a reference to a member,

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

Note.

See the note to section 17 (1).

s 173: Subst 2001 No 34, Sch 4.11 [15].