Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 259

259 .         Financial accommodation provisions apply to issue of CCUs

        (1)         The issuing of CCUs is to be considered to be the obtaining of financial accommodation and accordingly Part 10 Division 1 applies to the issue of CCUs.

        (2)         For the purposes of that Division, a CCU is to be considered to be a debenture.