NTIn ForceAct
Co-operatives (National Uniform Legislation) Act 2015
347Financial accommodation provisions apply to issue of CCUs
Start here
Get a plain-English read of 347
Turn the raw legal text into a practical explanation grounded in Co-operatives (National Uniform Legislation) Act 2015.
347 Financial accommodation provisions apply to issue of CCUs (1) The issuing of CCUs is to be considered to be the obtaining of financial accommodation and accordingly Division 1 applies to the issue of CCUs. (2) For the purpose of that Division, a CCU is to be considered to be a debenture.