40A
CurrentPower to compromise with creditors
Part 5Compromise, winding up, transfer of activities and dissolution
Division 1General
40A Power to compromise with creditors
An incorporated association is declared to be an applied
Corporations legislation matter for the purposes of Part 3 of the
Corporations (Ancillary Provisions)
Act 2001 in relation to Part 5.1 of the
Corporations Act 2001 of the
Commonwealth, subject to the following modifications:
(a)
the modifications necessary to give effect to this section and the succeeding provisions of this Part; and
(b)
such other modifications (within the meaning of Part 3 of
Corporations (Ancillary Provisions)
Act 2001) as may be prescribed by the regulations.
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