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Co-operatives (Adoption of National Law) Act 2012
347Financial accommodation provisions apply to issue of CCUs
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#### 347 Financial accommodation provisions apply to issue of CCUs
347 Financial accommodation provisions apply to issue of CCUs
> > (1) The issuing of CCUs is to be considered to be the obtaining of financial accommodation and accordingly Division 1 applies to the issue of CCUs.
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> > (2) For the purpose of that Division, a CCU is to be considered to be a debenture.