Part 10Funds and property

Part 10 — Funds and property Division 1 — Power to raise money 244. Meaning of obtaining financial accommodation 234 245. Fund raising to be in accordance with Act and regulations 234 246. Limits on deposit taking 234 247. Members etc. not required to see to application of money 234 248. Registrar’s directions about fundraising 235 249. Subordinated debt 235 250. Application of Corporations Act to issues of debentures 236 252. Disclosure statement 237 253A. Restrictions on advertising and publicity 239 253B. Application money to be held on trust 239 253. Approval of board for transfer of debentures 240 254. Application of Corporations Act: reissue of redeemed debentures 240 255. Compulsory loan by member to co‑operative 240 256. Interest payable on compulsory loan 242 Division 2 — Co‑operative capital units 257. General nature of co‑operative capital units 243 258. Priority of CCU’s on winding‑up 244 259. Financial accommodation provisions apply to issue of CCUs 244 260. CCUs to be issued to non‑members 244 261. Minimum requirements for rules concerning CCUs 244 262. CCUs not to be issued unless terms of issue approved by Registrar 245 263. Directors’ duties concerning CCUs 246 264. Redemption of CCUs 246 265. Capital redemption reserve 247 266. Issue of shares in substitution for redemption 247 Division 3 — Charges 267. Registration of charges 248 Division 4 — Receivers and other controllers of property of co‑operatives 268. Receivers and other controllers of property of co‑operatives 248 Division 5 — Disposal of surplus from activities 269. Retention of surplus for benefit of co‑operative 248 270. Application for charitable purposes or members’ purposes 248 271. Distribution of surplus or reserves to members 249 272. Application of surplus to other persons 250 Division 6 — Acquisition and disposal of assets 273. Acquisition and disposal of assets 251