80Updating references to Co‑operative Scheme Acts and regulations

#### 80 Updating references to Co‑operative Scheme Acts and regulations (1) In this section: > instrument has the same meaning as in section 14, but does not include: (a) a Co‑operative Scheme Act; or (b) regulations under such an Act or under this Act; or (c) a national scheme law, or national scheme regulations, of the Capital Territory; > national scheme regulations of the Capital Territory means the Corporations Regulations, or the ASIC Regulations, of the Capital Territory. (2) Subject to subsection (4) and to any regulations in force under subsection (6), a reference in an instrument to a Co‑operative Scheme Act is to be taken to include a reference to such provisions of the national scheme laws of the Capital Territory as correspond to provisions of that Act. (3) Subject to subsection (4) and to any regulations in force under subsection (6), a reference in an instrument to regulations under a Co‑operative Scheme Act is to be taken to include a reference to such provisions of national scheme regulations of the Capital Territory as correspond to provisions of the first‑mentioned regulations. (4) Subject to any regulations in force under subsection (6), a reference in an instrument to a provision of a Co‑operative Scheme Act, or of regulations under such an Act, is to be taken to include a reference to the corresponding provision of a national scheme law, or of national scheme regulations, of the Capital Territory. (4A) Subject to any regulations in force under subsection (6), a reference in an instrument to the National Companies and Securities Commission is to be taken to include a reference to the Australian Securities Commission. (5) Regulations under section 73 may declare that, for the purposes of this section: (a) prescribed provisions of national scheme laws of the Capital Territory correspond to prescribed provisions of Co‑operative Scheme Acts; and (b) prescribed provisions of national scheme regulations of the Capital Territory correspond to prescribed provisions of regulations under Co‑operative Scheme Acts. (6) Regulations under section 73: (a) may declare that subsection (2), (3), (4) or (4A) of this section does not apply in relation to prescribed references in prescribed instruments; and (b) may declare that subsection (2), (3), (4) or (4A) of this section has effect in relation to prescribed references in prescribed instruments as if, in that subsection, the words “be taken to be” were substituted for the words “be taken to include”. (7) Regulations in force because of subsection (5) or (6) have effect accordingly.