453Application of Corporations Act—deregistration

453 Application of Corporations Act—deregistration

453 Application of Corporations Act—deregistration

The deregistration of a co-operative and a deregistered co-operative are declared to be applied Corporations legislation matters for the purposes of the Corporations application legislation of this jurisdiction in relation to Part 5A.1 of the Corporations Act, subject to the following modifications—

(a) references in sections 601AA and 601AB of the Corporations Act to ASIC database are to be read as references to the register of co-operatives kept under section 599 of this Law;

(b) section 601AB (1A) of the Corporations Act is taken to be omitted;

(c) the reference in section 601AC (1) (a) of the Corporations Act to section 413 (1) (d) of that Act is to be read as a reference to section 425 (2) (d) of this Law;

(d) references in sections 601AD–601AF of the Corporations Act to the Commonwealth are to be read as references to an entity specified in the Co-operatives National Law Act of this jurisdiction for the purposes of this paragraph;

(e) references in section 601AE of the Corporations Act to crediting an amount to a Special Account (within the meaning of the Financial Management and Accountability Act 1997 of the Commonwealth) are to be read as references to dealing with the amount in a manner specified in the Co-operatives National Law Act of this jurisdiction or the local regulations for the purposes of this paragraph;

(f) the modifications referred to in section 13 (3) of this Law so far as they are relevant.

Note—

See section 13, including Note 1 to that section.