Part 7Deregistration

Part 7—Deregistration 452—Method of deregistration A co‑operative may be deregistered under— (a) the Corporations Act as applying under section 453; or (b) section 454. 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. 454—Deregistration of co‑operative ceasing to exist (1) As soon as practicable after a co‑operative ceases to exist, other than on deregistration of the co‑operative under section 444, the Registrar must deregister the co‑operative by registering the cessation and cancelling the registration of the co‑operative. (2) The Registrar may remove from a register kept by the Registrar the name of a co‑operative that has been deregistered or otherwise ceased to exist. (3) A co‑operative that has transferred its engagements to another co‑operative is taken to have ceased to exist.