Co-operatives National Law (Queensland)
sec.297Application of Corporations Act —auditors
Start here
Get a plain-English read of sec.297
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (Queensland).
sec.297 Application of Corporations Act —auditors
A co-operative is declared to be an applied Corporations legislation matter for the purposes of the Corporations application legislation of this jurisdiction in relation to Divisions 1 – 5 of Part 2M.4 of the Corporations Act , subject to the following modifications— section 324BA in Division 2 of Part 2M.4 is to be read as if the words “Subject to section 324BD ,” were omitted; section 324BD in Division 2 of Part 2M.4 is taken to be omitted; the modifications referred to in sections 13 (3) and 264 of this Law so far as they are relevant. See section 13 , including Note 1 to that section. A reference in the provisions of the Corporations Act as applying under this section to a registered company auditor is taken to be a reference to a registered company auditor within the meaning of the Corporations Act (and accordingly a reference in that term to a company is not a reference to a co-operative). (sec.297-ssec.1) A co-operative is declared to be an applied Corporations legislation matter for the purposes of the Corporations application legislation of this jurisdiction in relation to Divisions 1 – 5 of Part 2M.4 of the Corporations Act , subject to the following modifications— section 324BA in Division 2 of Part 2M.4 is to be read as if the words “Subject to section 324BD ,” were omitted; section 324BD in Division 2 of Part 2M.4 is taken to be omitted; the modifications referred to in sections 13 (3) and 264 of this Law so far as they are relevant. See section 13 , including Note 1 to that section. (sec.297-ssec.2) A reference in the provisions of the Corporations Act as applying under this section to a registered company auditor is taken to be a reference to a registered company auditor within the meaning of the Corporations Act (and accordingly a reference in that term to a company is not a reference to a co-operative).
- (a) section 324BA in Division 2 of Part 2M.4 is to be read as if the words “Subject to section 324BD ,” were omitted;
- (b) section 324BD in Division 2 of Part 2M.4 is taken to be omitted;
- (c) the modifications referred to in sections 13 (3) and 264 of this Law so far as they are relevant.