(1)  In this section –

Code regulations means provisions applying as regulations made under a Code by reason of a provision of an Act that is a co-operative scheme law;

instrument has the same meaning as in section 13 , but does not include –

(a) a co-operative scheme law; or

(b) regulations under an Act that is such a law, or under this Act; or

(c) Code regulations; or

(d) a national scheme law of this jurisdiction, or the Corporations Regulations , or ASIC Regulations, of Tasmania.

(2)  Subject to subsection (4) and to any regulations in force under subsection (7) , a reference in an instrument to a co-operative scheme law is to be taken to include a reference to such provisions of the national scheme laws of this jurisdiction as correspond to provisions of the co-operative scheme law.

(3)  Subject to subsection (4) and to any regulations in force under subsection (7) , a reference in an instrument to Code regulations is to be taken to include a reference to such provisions of the Corporations Regulations , or ASIC Regulations, of Tasmania as correspond to provisions of the Code regulations .

(4)  Subject to any regulations in force under subsection (7) , a reference in an instrument to a provision of a co-operative scheme law or of Code regulations is to be taken to include a reference to the corresponding provision of a national scheme law of this jurisdiction or of the Corporations Regulations , or ASIC Regulations, of Tasmania, as the case may be.

(5)  Subject to any regulations in force under subsection (7) , a reference in an instrument to the NCSC is to be taken to include a reference to the Commission.

(6)  Regulations under section 80 may declare that, for the purposes of this section –

(a) prescribed provisions of national scheme laws of this jurisdiction correspond to prescribed provisions of co-operative scheme laws; and

(b) prescribed provisions of the Corporations Regulations , or ASIC Regulations, correspond to prescribed provisions of Code regulations .

(7)  Regulations under section 80 –

(a) may declare that subsection (2) , (3) , (4) or (5) of this section does not apply in relation to prescribed references in prescribed instruments; or

(b) may declare that subsection (2) , (3) , (4) or (5) of this section has effect in relation to prescribed references in prescribed instruments as if, in the subsection, the words "be taken to be" were substituted for the words "be taken to include" .

(8)  Regulations in force because of subsection (6) or (7) have effect accordingly.