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](/view/html/inforce/current/act-2001-032) 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](/view/html/inforce/current/act-2001-032)) as may be prescribed by the regulations. > > Note. > > See the note to section 17 (1). > > **s 173:** Subst 2001 No 34, Sch 4.11 \[15\].