sec.453Application of Corporations Act —deregistration

sec.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— 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; section 601AB (1A) of the Corporations Act is taken to be omitted; 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; 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; 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; the modifications referred to in section 13 (3) of this Law so far as they are relevant. See section 13 , including Note 1 to that section.

• (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.