Western Australian Current Acts Western Australian Current Acts (1) Subsection (2)
applies if immediately before the day the former Acts are repealed a
co-operative company or registered society is engaged in any of the following
processes —
(a) in
the case of a co-operative company, the company has applied to the Court for
an order under the Companies (Co-operative) Act 1943 Part IV Division 12
sanctioning a scheme for reconstruction or amalgamation that will, when
implemented, result in the dissolution of the company, and not had that
application refused;
(b) in
the case of a registered society, the society has passed a special resolution
under the Co-operative and Provident Societies Act 1903 section 41 or 42 to
amalgamate or transfer its engagements and is proceeding to give effect to
that resolution;
(c) in
the case of a registered society, the society has voted under the
Co-operative and Provident Societies Act 1903 section 46 to dissolve the
society and is proceeding towards dissolution.
(2) If a co-operative
company or registered society is engaged in a process referred to in
subsection (1) —
(a) the
process is to be completed under the former Act; and
(b) the
company or society continues to be incorporated and be regulated by the former
Act until either the process is completed or an event occurs that prevents the
process from being completed.