Financial Intermediaries Act 1996

This section applies in relation to the following provisions of the Corporations Act (the applied provisions)—

A society, other than a society that is a registered Australian body, is declared to be an applied Corporations legislation matter for the Corporations (Ancillary Provisions) Act 2001, part 3, in relation to the applied provisions.

A society that is a registered Australian body is declared to be an applied Corporations legislation matter for the Corporations (Ancillary Provisions) Act 2001, part 3, in relation to the applied provisions other than part 5.2.

Subsections (2) and (3) apply subject to the following changes to the applied provisions—

a reference to a company or corporation is to be read as a reference to a society;

a reference to ASIC is to be read as a reference to the registrar;

a reference to a special resolution is to be read as a reference to a special resolution under this Act;

a reference to a chapter is to be read as a reference to the applied provisions in the chapter;

a reference in part 5.4, 5.4A, 5.4B, 5.5 or 5.6 to a voluntary winding up is taken to include a winding up on a certificate of the registrar;

the applied provisions are taken to be changed—

in the ways specified in schedule 1; and

in the other ways applying under the Corporations (Ancillary Provisions) Act 2001, part 3.