315Interpretation of accounting and auditing standards

315 Interpretation of accounting and auditing standards

Division 14 Exemptions and modifications

316 Exemptions—individual co-operatives

317 Exemptions—classes of co-operatives

318 Exemptions—criteria for exemptions for individual co-operatives or classes of co-operatives

319 Exemptions—non-auditor members and former members of audit firms, and former employees of audit companies

320 Exemptions—classes of non-auditor members etc

321 Exemptions—criteria for exemptions for non-auditor members etc

322 Exemptions from National Regulations

323 Registrar’s power to modify the operation of section 324DA of Corporations Act

324 Auditor to notify co-operative of declaration

325 Modification by National Regulations

326 Amendment, suspension or revocation of exemption

Division 15 Miscellaneous

327 Disclosure by directors

328 Contravention by directors of provisions of this Part

329 Submission of financial reports to Financial Reporting Panel

330 Notification of ASIC by Registrar of certain matters relating to auditor independence

Part 3.4 Funds and property

Division 1 Power to raise money

331 Meaning of “obtaining of financial accommodation”

332 Fundraising to be in accordance with National Regulations

333 Limits on deposit taking

334 Members and other persons not required to see to application of money

335 Registrar’s directions about obtaining financial accommodation

336 Subordinated debt

337 Application of Corporations Act—issues of debentures

338 Disclosure statement

339 Restrictions on advertising and publicity

340 Application money to be held on trust

341 Approval of board for transfer of debentures

342 Application of Corporations Act—reissue of redeemed debentures

343 Compulsory loan by member to co-operative

344 Interest payable on compulsory loan

Division 2 Co-operative capital units (CCUs)

345 General nature of CCU

346 Priority of CCUs on winding up

347 Financial accommodation provisions apply to issue of CCUs

348 CCUs can be issued to non-members

349 Minimum requirements for rules concerning CCUs