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 Part 2M.3 Division 3, subject to the following modifications
—
(a) a
reference in section 308(3AA) to a company limited by guarantee is to be read
as a reference to a small co-operative;
(b) a
reference in section 311(5) to section 344 is to be read as a reference to
section 244ZZO of this Act.
[Section 244U inserted: No. 7 of 2016 s. 85.]
[Heading inserted: No. 7 of 2016 s. 85.]