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s 214

Application of Corporations Act provisions concerning officers of co‑operatives

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Part 9Management and administration of co‑operatives
Division 3Duties and liabilities of directors, officers and employees

214 Application of Corporations Act provisions concerning officers of co‑operatives

A co‑operative is declared to be an applied Corporations legislation matter for the purposes of the Corporations (Ancillary Provisions) Act 2001 Part 3 in relation to the Corporations Act Parts 5.8 and 5.8A, subject to the following modifications —

(a)

section 589(2) and (3) are taken to be deleted;

(b)

a reference in section 592(1)(a) to 23 June 1993 is to be read as a reference to 1 September 2010;

[(c) deleted]

(d)

any other modifications, within the meaning of the Corporations (Ancillary Provisions) Act 2001 Part 3, that are prescribed by the regulations.

[Section 214 amended: No. 7 of 2016 s. 65.]

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