7Exemptions from restrictions on registered names and trading names—CNL, ss 220(7) and 225(2)

7 Exemptions from restrictions on registered names and trading names—CNL, ss 220(7) and 225(2)

7 Exemptions from restrictions on registered names and trading names—CNL, ss 220(7) and 225(2)

An entity is exempt from the CNL, sections 220(4) and 225(1) if the entity is—

(a) a co-operative housing society within the meaning of the Co-operative Housing and Starr-Bowkett Societies Act 1998, or

(b) a company or society formed or incorporated under an Act before the commencement of the Co-operation Act 1923, or

(c) a corporation that is allowed under a law of the Commonwealth, or a law of a State or Territory, to use “Co-operative”, “Cooperative”, “Co-op” or “Coop” in its name, or

(d) a company that is allowed to use the expression “building society”, “credit union” or “credit society” under the Banking Act 1959 of the Commonwealth, section 66, or

(e) a company that is a friendly society for the Life Insurance Act 1995 of the Commonwealth.