264General modifications to applied provisions of Chapter 2M of Corporations Act

264 General modifications to applied provisions of Chapter 2M of Corporations Act

264 General modifications to applied provisions of Chapter 2M of Corporations Act

(1) This section applies to the provisions of Chapter 2M of the Corporations Act as they apply under this Part.

(2) In those provisions—

(a) a reference to a company that is an auditor of a co-operative is to be read as a reference to a company and not a co-operative; and

(b) a reference to a small proprietary company is to be read as a reference to a small co-operative (which is defined in section 4 as a co-operative of a class or description prescribed by the National Regulations); and

(c) a reference to an order of exemption is to be read as a reference to an exemption under Division 14 of this Part.

(3) Subsection (2) does not apply to the extent to which this Law or the National Regulations provide otherwise, whether expressly or by implication.